US authorities freeze $344M in crypto linked to Iran
US authorities froze $344 million in cryptocurrency linked to Iran through OFAC sanctions on Tron wallets allegedly tied to the Islamic Revolutionary Guard Corps and Hezbollah. Treasury Secretary Scott Bessent confirmed Tether's simultaneous USDT freeze, targeting Tehran's ability to move funds internationally. The action escalates US-Iran tensions amid reports of Iranian crypto toll schemes for Strait of Hormuz passage.
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Tether's $344 million USDT freeze linked to U.S. 'Economic Fury' against Iran regime
U.S. Treasury froze $344 million in Tether (USDT) on Iran-linked blockchain wallets as part of "Economic Fury," a sanctions campaign targeting Tehran's financial networks. Stablecoin issuer Tether blacklisted two Tron addresses. Authorities say Iran's central bank exploits crypto to mask cross-border transactions and bypass sanctions. The move signals intensifying enforcement against digital asset misuse by sanctioned regimes.
US sanctions Iran-linked crypto wallets, including addresses holding $344 million frozen by Tether: CNN
The move comes a day after Tether froze $344 million worth of USDT, which has now been linked to Iran, CNN reported....