In brief
- OFAC sanctioned multiple wallets tied to Iran’s central bank and the Iranian armed forces on Tuesday, resulting in Tether freezing over $131 million across four addresses on the Tron blockchain.
- On-chain analysts tracked the frozen funds to prior withdrawals from DTC Pay and Bitso.
- The Treasury separately sanctioned seven individuals and entities involved in a global Iranian weapons procurement network.
The U.S. Treasury’s Office of Foreign Assets Control sanctioned multiple cryptocurrency wallets tied to Iran’s Central Bank and the Islamic Revolutionary Guard Corps on Tuesday, with stablecoin issuer Tether freezing over $131 million across four addresses on the Tron blockchain.
Treasury Secretary Scott Bessent confirmed the…
