U.S. Treasury Secretary Bessent: The U.S. freezes approximately $344 million in Iran-related cryptocurrency assets

Techub News reports, citing Cointelegraph, that U.S. Treasury Secretary Scott Bessent stated that U.S. authorities have frozen approximately $344 million in Iran-linked cryptocurrency assets, aiming to systematically weaken Tehran’s ability to generate, transfer, and repatriate funds. Tether said it froze the relevant funds at the request of the U.S., involving activities related to illegal conduct. Blockchain analysis firms Arkham and Chainalysis pointed out that Iran has built a stablecoin pipeline via TRC-20 wallets and the Tron network to evade sanctions, transferring oil revenues through intermediary wallets and cross-chain bridges to accounts linked to the central bank and the Revolutionary Guard. In 2024, the country's crypto transaction volume reached $11.4 billion, and in 2025, it is approximately $10 billion.