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. It’s unclear if the large sum of money seized will have an impact on Tehran or its approach to the war and negotiations.CNN reported.
Treasury Secretary Scott Bessent said Friday that the agency “is sanctioning multiple wallets tied to Iran.”
We will follow the money that Tehran is desperately attempting to move outside of the country and target all financial lifelines tied to the regime,” he said in a statement.
The Iranian mission to the United Nations declined to comment.
On Thursday, Tether, a digital currency company that facilitates crypto transactions around the world, announced it had “supported the US government in freezing” $344 million in cryptocurrency across two addresses, after information was shared “by several U.S. authorities about activity tied to unlawful conduct.”
A US official told CNN that the government had information linking the currency to Iran.
