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U.S. Treasury Secretary Bessent: The United States has frozen approximately $344 million in Iran-related cryptocurrency assets

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