US Authorities Seize Cryptocurrency Linked to Iran, Targeting Funding Networks

Deep News
07/15

The US government has frozen over $130 million in cryptocurrency alleged to be connected to Iran.

According to reports, the US Treasury Department imposed sanctions on several digital wallets associated with the Central Bank of Iran, leading to the freezing of the related assets. Authorities also simultaneously sanctioned more than 50 targets allegedly connected to an Iranian network for evading sanctions.

This action follows a move by the US Treasury in April of this year, when it froze $344 million in cryptocurrency linked to Iran.

Secretary of the Treasury Janet Yellen stated in a post on a social media platform that the US government will continue to actively track the flow of funds to prevent the Iranian regime from accessing the proceeds from related revenue schemes.

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