US Treasury freezes over $130 million tied to Iran-linked crypto wallets
The Block·
60-second summary
The US Treasury freezes over $130 million tied to Iran-linked crypto wallets, as Treasury Secretary Scott Bessent announces OFAC sanctions on multiple wallets. This move aims to disrupt Iran's illicit financial networks. The frozen funds represent a significant blow to Iran's crypto-based operations, highlighting the Treasury's increased efforts to monitor and regulate cryptocurrency transactions.
Treasury Secretary Scott Bessent says OFAC sanctioned multiple Iran-linked crypto wallets, freezing over $130 million.