US Treasury Sanctions Iran-Linked Crypto Wallets, Freezes $344 Million With Tether Support

The U.S. Treasury has sanctioned multiple cryptocurrency wallets allegedly linked to Iran and said it has frozen roughly $344 million in digital assets, underscoring Washington’s growing reliance on blockchain intelligence and stablecoin issuers to disrupt sanctions evasion.

According to Odaily, U.S. Treasury Secretary Scott Bessent said the department is tracking and blocking financial networks connected to the Iranian regime. Stablecoin operator Tether said it supported the U.S. government by freezing the assets held at two addresses, a move that highlights how centralized issuers can act…  Read more

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