US Treasury Secretary Scott Bessent announced that the department’s Office of Foreign Assets Control (OFAC) Treasury’s Office of Foreign Assets Control sanctioned several wallets tied to Iran, resulting in authorities freezing $344 million in cryptocurrency.

In a Friday X post, Bessent said that the move by OFAC was part of the US’ efforts to “systematically degrade Tehran’s ability to generate, move, and repatriate funds.” The US and Israel launched joint airstrikes on Iran in late February.

“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,” said Bessent.

The Treasury Secretary’s announcement came just one day after…