The US Targets Iran’s Funding, Freezes $344 Million in Cryptocurrency
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The United States has frozen $344 million in cryptocurrency linked to Iran, marking a major escalation in financial pressure. The move is part of the Trump administration’s broader strategy to cut off Tehran’s funding channels. US Treasury Secretary Scott Bessent said multiple crypto wallets tied to Iran have been sanctioned, adding that Washington will continue targeting all financial lifelines connected to the regime. Digital currency firm Tether confirmed it supported US authorities in freezing the assets, citing unlawful activities linked to specific accounts. The US is ramping up pressure on Iran for a potential peace deal, including fresh sanctions on a China-based refinery accused of purchasing billions in Iranian oil.
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