Deep Tide TechFlow message: On July 16, the U.S. Treasury confirmed on Tuesday that it has frozen cryptocurrency wallets worth $131 million linked to the Central Bank of Iran, according to Cointelegraph. U.S. Treasury Secretary Scott Bessent said the U.S. is committed to combating illegal financial activities by Iran using digital assets, and will continue to track the flow of funds to prevent the Iranian regime from obtaining illegal income.

This freeze comes amid the backdrop of a breakdown in the U.S.-Iran ceasefire agreement and an escalation of the situation in the Middle East. Earlier, at the request of the U.S., Tether froze USDT wallets on four Tron chains. In April and May this year, the U.S. froze $344 million and seized about $1 billion in Iran-related crypto assets, respectively.