Yemen-based group uses cryptocurrency to move funds and avoid sanctions

A network reportedly built around USDT on the TRON blockchain moves money from several sources into weapons purchases. The operation includes wallet rotation through exchanges and cash conversion to support operations. Funds reportedly come from transfers, mining operations, extortion, and fees collected from ships in the Red Sea.

The same network is described as rotating wallets through exchanges before converting holdings into cash.

Reported funding channels The funds are then said to be directed toward drone purchases and other operational needs. The report links these steps to efforts to bypass existing sanctions. Source material states the activity relies on the TRON blockchain for the stablecoin transfers.