The United States has frozen $344 million in cryptocurrency assets linked to Iran, as part of its continued efforts to increase financial pressure on Tehran. Treasury Secretary Scott Bessent announced the move on Friday, highlighting Washington’s focus on restricting Iran’s access to funds during the ongoing war in the Middle East, which has also impacted global energy supplies.

In a statement shared on the social media platform X, Bessent said that the Treasury Department “will continue to systematically degrade Tehran’s ability to generate, move, and repatriate funds.” He confirmed that sanctions were imposed on “multiple wallets tied to Iran,” which led to the freezing of these…