US freezes $344 million in crypto linked to Iran

The United States has announced new measures targeting Iran’s financial networks, including the freezing of hundreds of millions of dollars in cryptocurrency assets, as part of a broader pressure campaign.

U.S. Treasury Secretary Scott Bessent said the United States has frozen $344 million in cryptocurrency assets linked to Iran. The move comes as Washington seeks to intensify financial pressure on Tehran amid ongoing energy supply disruptions caused by the war.

According to Caliber.Az, Bessent outlined the measures in a post on the social media platform X.

“Under Economic Fury, US Treasury will continue to systematically degrade Tehran’s ability to generate, move, and repatriate funds.

Treasury’s Office of Foreign Assets Control is sanctioning multiple wallets tied to Iran — resulting in the freeze of $344 million in cryptocurrency.

We will follow the money that Tehran is desperately attempting to move outside of the country and target all financial lifelines tied to the regime,” the post reads.

By Tamilla Hasanova