The US Treasury has frozen $344 million in cryptocurrency linked to Iran, targeting wallets of officials connected to Tehran’s financial networks. The assets were primarily held in Tether’s USDT, highlighting the growing role of stablecoins in sanctions evasion. This action demonstrates the US’s increasing view of digital assets as part of its financial power and underscores tighter oversight of digital payment rails tied to sanctioned networks.
The United States has frozen approximately $344 million in cryptocurrency wallets linked to Iran as part of a broader crackdown on Iran’s financial networks. This action aims to limit Iran’s access to international financial systems, following reports of Iran using cryptocurrency channels, including alleged toll collection at the Strait of Hormuz. Iranian Foreign Minister Araghchi recently visited Islamabad for discussions on regional stability and diplomatic developments.
The United States has imposed new sanctions targeting Iranian-linked cryptocurrency wallets and parts of the country’s oil network, freezing $34.4 million in cryptocurrency. Additionally, a major Chinese oil refinery and nearly 40 shipping companies have been sanctioned. This action reflects ongoing pressure on Iran's finances and oil exports.
The US Treasury sanctioned $344 million in cryptocurrency wallets linked to Iran’s funding network, targeting the Islamic Revolutionary Guard Corps and Hezbollah. This move follows reports of Iran collecting ship transit fees in Bitcoin at the Strait of Hormuz. The US will continue to track Iranian funds and target all financial lifelines connected to the regime.
The US government is sanctioning multiple cryptocurrency wallets linked to Iran as part of efforts to increase economic pressure during an ongoing ceasefire. This action involves Tether and US authorities, aiming to restrict financial channels tied to the Iranian regime. Tether froze $344 million in USDT linked to Iranian entities, highlighting the US’s response to Iran’s attempts to circumvent sanctions using cryptocurrency.
The US Treasury sanctioned multiple crypto wallets linked to Iran today, following a freeze of approximately $344 million in (CRYPTO: USDT) by stablecoin issuer Tether. This action aligns with Iran's use of crypto rails to circumvent sanctions, particularly at the Strait of Hormuz. The continued OFAC freezes and wallet blacklistings reinforce the long-term economic war against Iran.
The US has frozen $344 million worth of cryptocurrency linked to Iran. Tether froze USDT stablecoins held in two crypto wallets in coordination with the US Office of Foreign Assets Control and law enforcement agencies. This action followed information regarding illegal activities.
The United States is freezing $344 million in Iran-linked cryptocurrency wallets and will continue to take actions aimed at depriving Tehran of the ability to "generate, move, and repatriate funds," US Treasury Secretary Scott Bessent announced. "As part of the Economic Rage campaign, the US Treasury Department will continue to systematically disrupt Tehran's ability to generate, move, and repatriate funds," he wrote on X. The US Treasury Department also announced sanctions against approximately 40 shipping companies and tankers allegedly linked to Iran's so-called shadow fleet.
The United States has frozen $344 million in cryptocurrency linked to Iran in response to disruptions in energy supplies caused by the Middle East conflict. The Treasury Department is systematically degrading Iran’s ability to generate, move, and repatriate funds through sanctions on multiple digital wallets. This move coincides with ongoing diplomatic efforts to end the war.
OFAC sanctioned crypto addresses associated with the Central Bank of Iran, freezing approximately USD 344 million. These wallets were linked to the IRGC-Qods Force and Hizballah, and Tether coordinated with US law enforcement to freeze the funds. This action aligns with Iran's pattern of crypto-enabled sanctions evasion.