Fake messages demanding cryptocurrency to ensure safe passage through the Strait of Hormuz have been sent to multiple shipping companies. It appears that crypto-scammers offering cargo ship safety for Bitcoin are exploiting the current geopolitical tension to extort maritime operators.
The Mechanics of the Maritime Scam
The Greek maritime risk management firm MARISKS issued a warning regarding these fraudulent messages, which were first reported by Reuters. These unknown scammers claim to represent Iranian authorities and demand transit fees in Bitcoin, Tether, and other digital assets in exchange for "clearance."
The scam appears to be inspired by recent policy shifts from Tehran. Earlier this month, the Iranian government suggested a toll system for ships, according to The Guardian. This plan included:
- Submission of cargo lists, destinations, and ownership details.
- A transit fee of approximately $1 per barrel of oil.
- Payment acceptance in either Chinese yuan or cryptocurrency.
How Crypto-Scammers are Offering Cargo Ship Safety for Bitcoin
The consequences of these fraudulent communications are already turning violent. On April 18, the strait was temporarily opened subject to Iranian checks, but at least two ships attempting to pass were fired upon by Iranian warships and forced to reverse course. MARISKS stated that at least one vessel hit by gunfire was a victim of this specific fraud, adding that "these specific messages are a scam."
The fraudulent messages include explicit instructions to maritime crews:
"After providing the documents and assessing your eligibility by the Iranian Security Services, we will be able to determine the fee to be paid in cryptocurrency (BTC or USDT). Only then will your vessel be able to transit the strait unimpeded at the pre-agreed time."
The danger persists as crypto-scammers offering cargo ship safety for Bitcoin continue their operations. On April 22, the cargo ship Epaminondas, owned by the Greek company Technomar, was fired upon after apparently receiving a message promising safe passage. Ekathimerini reports that authorities are currently investigating whether the message in question may have been fraudulent.
A Geopolitical Powder Keg
The situation in the Strait is reaching critical levels. Since April 12, the US Navy has maintained a blockade, while President Donald Trump has claimed "total control" over the region, stating the Navy will "shoot and kill" Iranian mine-laying boats.
With hundreds of vessels currently stranded west of the Strait, the stability of global trade—including one-fifth of the world's oil and gas—hangs in the balance. It feels like we have moved past simple NFT rug pulls and into the territory of a full Neal Stephenson novel.
