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US sanctions Iran-linked crypto wallets, including addresses holding $344 million frozen by Tether: CNN

The Block
The U.S. government is sanctioning crypto wallets linked to Iran, including those holding $344 million in USDT recently frozen by Tether.

Summary

The U.S. Treasury has announced sanctions against multiple cryptocurrency wallets associated with Iran as part of an effort to increase economic pressure on the regime. This move follows Tether's decision to freeze $344 million in USDT held on the Tron network, an action coordinated with the U.S. Office of Foreign Assets Control (OFAC) and law enforcement. Experts note that Iran has increasingly utilized cryptocurrencies to bypass international sanctions, with estimates suggesting Iranian crypto holdings reached $7.8 billion in 2025.

(Source:The Block)