U.S. Authorities Freeze $344M in Crypto Linked to Iran

U.S. Authorities Freeze $344M in Crypto Linked to Iran

U.S. Treasury Secretary Scott Bessent announced on Friday that the department’s Office of Foreign Assets Control (OFAC) has frozen $344 million in cryptocurrency linked to Iran. The move, announced via a post on X, is part of ongoing U.S. efforts to disrupt Tehran’s ability to generate, move, and repatriate funds, according to Bessent.

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