US freezes $344 million in cryptocurrency said to be linked to Iran
Tether blocked two Tron wallets after U.S. authorities said the funds were linked to sanctions evasion and Iranian financial networks.
- On Friday, Treasury Secretary Scott Bessent announced the United States froze $344 million in cryptocurrency assets linked to Iran, intensifying financial pressure amid Middle East energy supply disruptions.
- Regional conflict escalated after February 28 US-Israeli strikes killed senior figures including supreme leader Ali Khamenei, disrupting global energy markets through closure of the Strait of Hormuz.
- Analytics firm Chainalysis estimates total crypto holdings tied to Iran reached about $7.8 billion, often routed through intermediary wallets, while Tether assisted the freeze after receiving U.S. authority information.
- U.S. envoys Steve Witkoff and Jared Kushner are traveling to Pakistan on Saturday for talks with Iran aimed at ending the conflict and addressing energy market disruptions.
- Bessent vowed the Treasury Department "will continue to systematically degrade Tehran's ability to generate, move, and repatriate funds," targeting financial lifelines as the regime attempts to move money abroad.
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The US government blocks $344 million worth of cryptocurrency held "in various portfolios connected with Iran," said US Treasury Secretary Scott Bessen. "The announcement comes in the context of the United States trying to increase pressure against Tehran.
"We are monitoring the money that Tehran is desperately trying to move out of the country and targeting all the financial life lines related to the regime," said US Treasury Secretary Scott Bessent on X.
US freezes RM1.36b in crypto assets linked to Iran amid pressure campaign
WASHINGTON, April 25 — The United States has frozen US$344 million (RM1.36 billion) in cryptocurrency assets over ties to Iran, Treasury Secretary Scott Bessent said yesterday, as Washington seeks to raise pressure on Tehran amid energy supply disruptions due to war in the Middle East.The Treasury Department “will continue to systematically degrade Tehran’s ability to generate, move, and repatriate funds,” Bessent vowed in a statement on X.He ad…
Trump administration intensifies economic pressure on Tehran – Direct impact on the course of the war and negotiations doubtful
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