Crypto scammers are increasingly targeting maritime operations in the strategically critical Strait of Hormuz, a trend highlighted by recent warnings from the Greek maritime risk management company MARISKS. Notably, at least one vessel may have been deceived into believing it had paid Iranian authorities for safe passage through the strait, which is crucial for global oil and liquefied natural gas transport.
The alarm was first raised on April 20 when MARISKS reported that scammers, posing as Iranian officials, began sending requests to shipping companies for “transit fee” payments via cryptocurrency, notably bitcoin or tether. This scam tactic is particularly concerning for maritime operators, as Iran has exerted its influence over this vital shipping route, claiming the ability to dictate terms for passing vessels.
The Strait of Hormuz serves as a gateway through which around one-fifth of the world’s oil and LNG supply is transported, making any disruptions or threats in this region particularly impactful. Iranian authorities have intensified their demands for cryptocurrency payments, requiring oil tankers to navigate close to the Iranian coastline for inspections before being allowed passage.
MARISKS has indicated that one ship that attempted to navigate the strait on April 18 may have been a victim of these scams. Although details remain unverified by Reuters, reports suggest that the incident occurred during a period when Iranian officials indicated they were permitting ships to undergo inspections. However, the vessel ultimately turned back after Iranian military forces fired upon it.
This ship is likely not alone in facing the perils of these scams while seeking safe passage. On April 22, the Liberia-flagged cargo ship Epaminondas, managed by Technomar shipping and MSC, reportedly came under fire after receiving what it thought was a legitimate clearance to transit the strait. Subsequent investigations are underway to confirm whether the message providing this permission was indeed fraudulent.
Currently, approximately 2,000 ships and 20,000 mariners remain trapped in or near the Strait of Hormuz, creating a precarious situation as maritime operators navigate both the geopolitical tensions and the rising threat of cyber scams. The implications of these scams extend beyond individual vessels, posing a broader risk to international shipping and global energy stability.
