The US Treasury Department announced the freezing of approximately $130 million in cryptocurrency wallets linked to Iran's Islamic Revolutionary Guard Corps (IRGC), according to an official statement. Treasury Secretary Scott Bessent disclosed the action during a Senate hearing.
The US Treasury Department has frozen approximately $130 million in cryptocurrency wallets that it says are linked to Iran's Islamic Revolutionary Guard Corps (IRGC). Treasury Secretary Scott Bessent announced the move during a Senate hearing on Tuesday, as part of ongoing efforts to disrupt Iranian financial networks that bypass sanctions.
The action follows a pattern of US economic pressure on Iran's proxy funding. The Zioneer previously reported on related Treasury measures, including a freeze of $130 million in crypto assets tied to Iran's central bank (July 17) and sanctions on 37 IRGC-linked wallets containing $7 million (July 1). The current freeze targets wallets directly connected to the IRGC, the elite force that oversees Iran's regional military operations.
While the exact timing of the freeze and the specific wallets affected were not detailed, the announcement underscores the Biden administration's continued use of financial tools to curb Iran's ability to finance its military activities and proxy networks.
2 developments
- StrongUS Treasury Secretary announced freeze of over $130M in crypto assets tied to Iran's central bank
- StrongIsrael sanctions 37 IRGC-linked crypto wallets containing $7 million
- StrongUS sanctions Ali Ansari, Mojtaba Khamenei's Dubai-based asset manager, in new Iran round
- DevelopingKhamenei adviser: Trump agreed to release $24B in frozen Iranian assets but won't say so publicly
Source and signal
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