US Freezes $130M In Iran-Linked Crypto Amid Middle East Tensions
US Treasury ordered the freezing of over $130 million in cryptocurrency tied toIranamid escalating Middle East hostilitiesTetherfroze fourTronwallets holding $131 million in USDT, which Treasury Secretary. . .
US Treasury ordered the freezing of over $130 million in cryptocurrency tied toIranamid escalating Middle East hostilitiesTetherfroze fourTronwallets holding $131 million in USDT, which Treasury Secretary Scott Bessent confirmed were linked to the Central Bank of IranThe freeze follows a collapse in the US-Iran ceasefire, with both sides launching military strikesThis action is part of Operation Economic Fury, which has already seized roughly $1 billion in Iranian crypto assetsUS Treasury Secretary Scott Bessent confirmed on Tuesday that the US government ordered the freezing of over $130 million in cryptocurrency held in wallets linked to Iran, as hostilities escalated in the Middle East. Blockchain investigator Specter identified onchain data showing Tether froze four Tron wallets containing $131 million worth of USDT, with Bessent confirming onXthat the wallets were tied to the Central Bank of Iran. - Advertisement -“US Treasury is committed to disrupting and degrading Iran’s illicit financial activities, including its abuse of digital assets,”Bessent said. “We will continue to aggressively follow the money and deny the Iranian regime access to the proceeds of its illicit revenue schemes. ”The asset freeze coincides with a collapse in the ceasefire between the US and Iran. The US renewed its blockade of Iranian ports, while US Central Command announced a new wave of strikes on Iran. Meanwhile, Iran’s military claimed it carried out drone strikes against US military facilities at Jordan’s Al Azraq Air Base. This move follows a similar freeze in April, when Tether froze over $344 million in USDT at the request of US authorities. In May, Bessent said the US has seized around $1 billion in Iranian crypto assets as part of Operation Economic Fury, according to aFox Business report. “Through Economic Fury, the Treasury Department is disrupting the foreign procurement networks that support the Iranian military’s efforts to acquire weapons,”Bessent said in a June statement. “Treasury has frozen the Iranian regime’s assets, severely disrupted its economy, and dismantled the Iranian war machine. ”- Advertisement -✅ FollowBITNEWSBOTonTelegram,Facebook,LinkedIn,X. com, andGoogle Newsfor instant updates. Previous Articles:OpenAI Questions Merit of Apple’s Trade Secrets SuitSenate to vote on crypto bill amid ethics corruption debateIBM shares plummet 25% after earnings miss, worst drop in decadesDeepMind CEO: AGI just years away, demands new US safety testsWarsh: No Stablecoin Bailout, GENIUS Act Deadline NearStay in the Loop🔥Join 1. 2K Smart TradersGet exclusive crypto insights, breaking news, and market analysis delivered straight to your inbox. No fluff, just facts.