U.S. Freezes $344 Million in Cryptocurrency Linked to Iran
- The U.S. Treasury Department has frozen $344 million in cryptocurrency as part of its sanctions against Iran.
- Treasury Secretary Scott Bessent stated that this action is part of a campaign called “Economic Fury.”
- The freeze affects multiple crypto wallets linked to the Iranian regime, including transactions with Iranian exchanges.
- Stablecoin issuer Tether blacklisted two blockchain addresses on Tron holding the same amount in USDT.
- Iran’s central bank has increasingly utilized digital assets to obscure cross-border transactions amid sanctions.
The U.S. Treasury aims to disrupt financial networks supporting Iran by targeting both traditional and digital asset channels, emphasizing the use of blockchain analytics for tracking illicit flows.
This recent freeze highlights the ongoing efforts against Iranian financial operations, particularly the significant $344 million linked to crypto wallets associated with the regime. (Source)
