Tether's $344 million USDT freeze linked to U.S. 'Economic Fury' against Iran regime
CoinDesk·2h ago·Neutral
What Happened
The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) froze $344 million in cryptocurrency linked to Iran as part of its 'Economic Fury' campaign. Tether blacklisted two blockchain addresses holding USDT on Tron. Treasury officials say sanctioned wallets showed material connections to Iran's central bank, including transactions with Iranian exchanges. Iran reportedly uses digital assets to mask cross-border transactions and bypass international sanctions.
Key Entities
U.S. Treasury DepartmentOFACTetherUSDTIranScott BessentTronEconomic Fury