US Freezes $344 Million in Cryptocurrency Linked to Iran: Bessent

The U.S. Treasury Department announced additional sanctions against businesses and commercial ships accused of facilitating Iranian oil exports.

Treasury Secretary Scott Bessent speaks during a press briefing at the White House in Washington on April 15, 2026. Madalina Kilroy/The Epoch Times

The U.S. government has sanctioned multiple cryptocurrency wallets connected to Iran, freezing an estimated $344 million in digital assets, Treasury Secretary Scott Bessent said on April 24.

In a post on X, Bessent said the Treasury Department’s Office of Foreign Assets Control enforced the sanctions action against the cryptocurrency wallets as part of a campaign of economic pressure against Iran’s leadership dubbed Operation Economic Fury.