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The United States has frozen approximately $344 million in crypto assets related to Iran, intensifying economic pressure.
ChainCatcher reports that, according to CNN, the United States has frozen approximately $344 million in cryptocurrency assets, claiming that the funds are linked to Iran, and have been frozen in two addresses with the assistance of Tether; the U.S. authorities stated that these funds are connected to on-chain transactions involving Iranian entities, including interactions with Iranian exchanges and wallets associated with the Central Bank of Iran. This move is part of the U.S. government’s broader efforts to increase economic pressure on Iran.