The U.S. government has sanctioned multiple cryptocurrency wallets connected to Iran, freezing an estimated $344 million in digital assets, Treasury Secretary Scott Bessent said on April 24.
In a post on X, Bessent said the Treasury Department’s Office of Foreign Assets Control enforced the sanctions action against the cryptocurrency wallets as part of a campaign of economic pressure against Iran’s leadership dubbed Operation Economic Fury.
“We will follow the money that Tehran is desperately attempting to move outside of the country and target all financial lifelines tied to the regime,” Bessent said.
A U.S. official said the Office of Foreign Assets Control worked with blockchain analytics experts to identify the suspect cryptocurrency wallets. The official said investigations identified transactions involving Iranian exchanges, and a series of transactions through intermediaries that interact with other cryptocurrency wallets associated with the Central Bank of Iran….