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Treasury Freezes $344M in Iran Crypto

Treasury Freezes $344M in Iran Crypto

Treasury Secretary Scott Bessent announced on April 24 that the US government has sanctioned multiple crypto wallets linked to Iran’s Islamic Revolutionary Guard Corps under a campaign called Operation Economic Fury, with Tether executing the freeze of $344 million in USDT across two addresses on the Tron blockchain at the direction of American authorities.

Summary

  • Treasury Secretary Scott Bessent announced sanctions on multiple crypto wallets tied to Iran’s IRGC on April 24, resulting in Tether freezing $344 million in USDT across two Tron addresses.
  • One wallet held approximately $213 million in USDT and the other held $131 million, both blacklisted at the smart contract…

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