US freezes $344 million in cryptocurrency tied to Iran, Treasury says

“Treasury’s Office of Foreign Assets Control is sanctioning multiple wallets tied to Iran — resulting in the freeze of $344 million in cryptocurrency.”

In a post on X, Bessent said the Treasury Department would continue to pursue what he described as an aggressive economic campaign against Iran.

“Under Economic Fury, @USTreasury will continue to systematically degrade Tehran’s ability to generate, move, and repatriate funds. We will follow the money that Tehran is desperately attempting to move outside of the country and target all financial lifelines tied to the regime.”