US freezes $344M in cryptocurrency said to be linked to Iran
The Trump administration has frozen $344 million in cryptocurrency allegedly linked to Iran, aiming to increase economic pressure amid stalled diplomatic efforts and ongoing conflict. The U.S. Treasury, in coordination with Tether and blockchain analytics experts, identified transactions connected to Iranian entities, including the Central Bank of Iran and the Islamic Revolutionary Guard Corps. While officials describe the action as significant, analysts suggest it may not substantially alter Iran's financial strategies due to existing sanctions and reliance on third-country actors.
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window.CNN.contentModel.leadingMediaType = 'image'; window.CNN.contentModel.isVideoCollection = false; A billboard with a picture of Iran's flag on a building in Tehran, Iran, on January 24, 2026. Majid Asgaripour/Wana News Agency/Reuters The Middle East Crypto Investing See all topics Facebook Tweet Email Link Threads Link Copied! Follow The Trump administration has frozen $344 million in cryptocurrency it says was linked to Iran as the United States ratchets up pressure on Tehran. The move, first reported by CNN, comes as shaky diplomatic efforts to reach a deal to end the war continue to stall and the global economy reels from its impact. The administration has sought to increase economic pressure on Iran during the tenuous ceasefire.
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