As part of a broader campaign to pressure Tehran economically, the U.S. Treasury has frozen a cryptocurrency wallet holding roughly $130 million linked to Iran's Islamic Revolutionary Guard Corps (IRGC). Treasury Secretary Scott Bessent announced the action, describing it as part of a wider effort to identify and seize assets connected to Iran's Supreme Leader, Ayatollah Ali Khamenei. The move reflects the growing role of blockchain analysis in enforcing sanctions, as authorities increasingly track digital assets that adversarial states and their affiliates use to circumvent traditional financial restrictions. By freezing the wallet, U.S. officials aim to disrupt funding channels tied to the IRGC and tighten economic constraints on the Iranian government. The action signals continued U.S. focus on cutting off crypto-based financial flows that sanctioned entities may exploit to move value across borders.
— Sponsored —
Trade smarter on BYDFI
Get a bonus on your first deposit — from $50 at $100, up to $2,000 at $20k. 200x leverage, 600+ perpetuals, deep liquidity.