US Treasury freezes 344 million dollars in cryptocurrency linked to Iran

Apr 29, 2026, 12:24:37 AM UTC(10 hours ago)

Impact: Medium

Affected Assets

Treasury Secretary Scott Bessent announced the freeze of approximately 344 million dollars in digital assets held in multiple wallets tied to the Iranian regime.
The enforcement action is part of a broader Treasury campaign titled Economic Fury designed to target financial lifelines of the Islamic Revolutionary Guard Corps and Hezbollah.
Stablecoin issuer Tether cooperated with the initiative by blacklisting two specific blockchain addresses on the Tron network that held the sanctioned funds.
US officials identified material links between the targeted wallets and the Central Bank of Iran including transactions routed through intermediary addresses.
Market analysts note that Iran has increasingly utilized crypto rails to sidestep traditional banking sanctions with estimated holdings reaching 7.8 billion dollars in 2025.

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