US Freezes Crypto Worth $131M Linked to Iran
The U.S. has blocked access to over $130 million worth of crypto connected to Iran, marking another step in Washington’s campaign to disrupt financial networks it says support the Iranian government as tensions across the Middle East continue to rise. U.S. Treasury Secretary Scott Bessent announced on X that the Department of the Treasury’s Office of Foreign Assets Control (OFAC) had imposed sanctions on several cryptocurrency wallets associated with Iran’s central bank. The move, he said, is intended to weaken financial channels that U.S. authorities believe are being used to generate and move illicit funds. Bessent stated that the Treasury…





