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The United States freezes $344 million worth of cryptocurrency related to Iran
Odaily Planet Daily News: U.S. Treasury Secretary Scott Bessent stated that the Treasury is sanctioning multiple wallets related to Iran, tracking and targeting all financial lifelines associated with the regime. Tether previously announced that it assisted the U.S. government in freezing $344 million worth of cryptocurrency across two addresses. Chainalysis data shows that the activity patterns of these wallets are consistent with the on-chain fund flow characteristics of wallets belonging to the Islamic Revolutionary Guard Corps. U.S. officials said that blockchain analysis revealed that the related funds were exchanged through intermediary addresses connected to the Central Bank of Iran, used to evade sanctions and facilitate international trade. By 2025, Iran’s cryptocurrency holdings are projected to reach $7.8 billion, with the Islamic Revolutionary Guard Corps holding approximately 50% of that amount as of the fourth quarter of last year.