US freezes $344 million$344 million in cryptocurrency linked to Iran over sanctions
The United States froze $344 million in cryptocurrency assets tied to Iran on April 24, according to Treasury Secretary Scott Bessent. The action targets multiple cryptocurrency wallets as Washington intensifies pressure on Tehran amid Middle East energy supply disruptions caused by ongoing conflict.
- Iran's cryptocurrency holdings reached $7.8 billion in 2025, per Chainalysis reports.
- The Islamic Revolutionary Guard Corps held about half of Iran's crypto assets in late 2025.
- Tether cooperated with OFAC to freeze the wallets after U.S. authorities flagged suspicious activity.
US-Iran Ceasefire War
The United States launched military strikes against Iran on June 26, 2026, in response to a drone attack on a commercial cargo ship in the Strait of Hormuz, calling it a "foolish violation" of the 60-day ceasefire agreement signed just days earlier[2][4][14].
26 June, 09:35 PM
US launches strikes against Iran following commercial ship attack26 June, 04:47 PM
Trump calls Iran drone attack on cargo ship a ceasefire violation
