US Imposes $344 Million USDT Freeze in Latest Move Against Iran's Financial Networks

In a recent effort to disrupt Iran's financial networks, the US Treasury Department has frozen $344 million in cryptocurrency, sanctioning multiple crypto wallets linked to the Iranian regime. According to Treasury Secretary Scott Bessent, the move is part of a broader 'Economic Fury' campaign aimed at choking off all financial lifelines to the regime. The freeze follows Tether's blacklisting of two blockchain addresses holding $344 million in USDT. US officials claim the sanctioned wallets have material links to the Iranian regime, including transactions with Iranian exchanges and connections to the Central Bank of Iran. The Treasury Department believes Iran's central bank is using digital assets to mask cross-border transactions, and authorities are working to track illicit flows tied to sanctioned entities. The US is also targeting traditional front companies and the use of digital assets to increase pressure on Iran's economy.