US Authorities Freeze $344M in Crypto Linked to Iran
Cointelegraph
The US Treasury has frozen $344 million in cryptocurrency linked to the Iranian regime, Hizballah, and the Islamic Revolutionary Guard Corps.Summary
The US Treasury Department’s Office of Foreign Assets Control (OFAC) has sanctioned two crypto addresses on the Tron network, resulting in the freezing of $344 million in USDT. Treasury Secretary Scott Bessent stated that the action aims to degrade Iran’s ability to move and repatriate funds. This move follows Tether’s confirmation that it froze these specific assets at the request of US authorities due to illicit conduct. The sanctioned wallets are reportedly linked to the Islamic Revolutionary Guard Corps and Hizballah, amid reports that Iran has been using cryptocurrency to collect tolls from ships passing through the Strait of Hormuz.
(Source：Cointelegraph)