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US freezes $344 million in cryptocurrency said to be linked to Iran
- 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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100 Articles
Malay Mail
AlKhaleej TodayUS 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
US Freezes $344 Million in Cryptocurrency Linked to Iran: Bessent
The U.S. government has sanctioned multiple cryptocurrency wallets connected to Iran, freezing an estimated $344 million in digital assets, Treasury Secretary Scott Bessent said on April 24. In a post on X, Bessent said the Treasury Department’s Office of Foreign Assets Control enforced the sanctions action against the cryptocurrency wallets as part of a campaign of economic pressure against Iran’s leadership dubbed Operation Economic Fury. “We …
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