The Trump administration has frozen $344 million in cryptocurrency tied to Iran, escalating financial pressure as ceasefire negotiations remain uncertain and economic tensions persist.
- The U.S. Treasury, working with Tether froze $344 million across two crypto wallets linked to alleged Iranian activity.
- Officials cited blockchain analysis showing transactions connected to Iranian exchanges and wallets associated with the Central Bank of Iran.
- Tether said it acted after receiving information from U.S. authorities about suspected unlawful activity tied to the accounts.
- The move comes as the U.S. increases economic pressure during ongoing negotiations tied to the Iran conflict.
- Iran has increasingly used cryptocurrency to bypass sanctions, with holdings reaching $7.8 billion in 2025, according to Chainalysis.
- The Islamic Revolutionary Guard Corps accounted for roughly half of Iran’s crypto holdings in late 2025.
- U.S. officials said Iran uses complex transaction routing to obscure cross-border financial activity.
- Analysts noted the seizure is significant but may have limited impact given Iran’s long-standing sanctions evasion strategies.
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Editor’s Note: This is a developing story. This article may be updated as more details become available.
