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The announced crypto freeze came just one day after Tether said it had frozen $344 million of its USDt stablecoin in response to a request from US law enforcement.<\/p>\n
US Treasury Secretary Scott Bessent announced that the department\u2019s Office of Foreign Assets Control (OFAC) Treasury\u2019s Office of Foreign Assets Control sanctioned several wallets tied to Iran, resulting in authorities freezing $344 million in cryptocurrency.<\/p>\n
In a Friday X post, Bessent said<\/u><\/a> that the move by OFAC was part of the US\u2019 efforts to \u201csystematically degrade Tehran\u2019s ability to generate, move, and repatriate funds.\u201d The US and Israel launched joint airstrikes on Iran in late February.<\/p>\n \u201cWe will follow the money that Tehran is desperately attempting to move outside of the country and target all financial lifelines tied to the regime,\u201d said Bessent.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n