US Freezes $344 Million in Tether's USDT, Citing Iran Sanctions and 'Economic Fury'
The US Treasury Department has announced a significant cryptocurrency freeze, worth $344 million, as part of a broader effort to disrupt financial networks linked to Iran. According to Treasury Secretary Scott Bessent, the Office of Foreign Assets Control (OFAC) has sanctioned several crypto wallets tied to Iran, resulting in the freeze of $344 million in cryptocurrency. Bessent stated that the U…
April 24, 2026, 7:50 p.m.