Crypto Scammers Exploit Strait of Hormuz Stranded Ships with Fake Bitcoin Fees

Scammers Target Stranded Ships in Strait of Hormuz With Fake Bitcoin Transit Fees

Fraudsters are targeting global shipping firms with fake payment demands in Strait of Hormuz transit schemes, seeking fees in Bitcoin and Tether as vessels remain stranded amid conflict in the Gulf.

Fake Iranian Authorities Demand Crypto Payments

Greek maritime risk firm MARISKS reported that unknown actors have sent messages to shipowners claiming to represent Iranian authorities. The fraudulent communications offer safe passage through the chokepoint in exchange for Bitcoin payments.

MARISKS emphasized that these messages are not linked to Tehran and are entirely fraudulent.

Regional Tensions Disrupt Critical Shipping Corridor

The Strait of Hormuz is one of the world’s most critical energy corridors, historically carrying about a fifth of global oil and liquefied natural gas flows. Escalating tensions between the United States and Iran have disrupted maritime activity, leaving hundreds of vessels stalled west of the passage. Approximately 20,000 seafarers are currently affected by the delays.

How the Scam Works

According to MARISKS, the fraudulent messages instruct companies to submit vessel documentation for review by "Iranian Security Services." After submission, a transit fee would allegedly be set in Bitcoin or Tether. The senders claim that ships would then receive clearance to pass without interference at a scheduled time.

MARISKS noted that at least one vessel may have fallen victim to the scheme. The firm linked the case to a ship that attempted to exit the strait and came under fire, though it could not confirm a direct connection.

Reuters reporters could not verify which companies received the messages.

Iran’s Reported Bitcoin Transit Fee Policy

Earlier this month, reports indicated that Iran planned to require shipping companies to pay transit tolls in Bitcoin for vessels passing through the Strait of Hormuz. The policy would issue payment requests before transit and require settlement in Bitcoin within a short window, designed to bypass traditional financial rails during a U.S.-Iran ceasefire period.

Legal and Financial Risks for Shipping Firms

Security analysts warn that any such payment request carries significant legal and financial risk. Even if funds do not reach sanctioned entities, companies could face exposure under sanctions regimes tied to Iran.

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This post first appeared on Bitcoin Magazine and is written by Micah Zimmerman.