US sanctions 'digital wallets' tied to Iran, freezes $344 million in cryptocurrency
The U.S. Treasury Department is sanctioning multiple wallets tied to Iran, thereby freezing $344 million in cryptocurrency, Treasury Secretary Scott Bessent said in a statement on X on Friday (April 24).
April 25, 2026
Deborah Gembara/Reuters
FILE PHOTO: Representation of Tether stablecoin cryptocurrency in this illustration taken September 10, 2025.
Dado Ruvic/Reuters
The U.S. Treasury Department is sanctioning multiple wallets tied to Iran, thereby freezing $344 million in cryptocurrency, Treasury Secretary Scott Bessent said in a statement on X on Friday (April 24).
The move is part of an ongoing effort by the Trump administration to cut off funding sources to the Iranian government, including a military blockade, amid attempts to restart diplomatic talks aimed at ending the war with Tehran.
Production: Deborah Gembara/Reuters
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