U.S. Authorities Freeze $344M in Crypto Linked to Iran U.S. Treasury Secretary Scott Bessent announced on Friday that the department’s Office of Foreign Assets Control (OFAC) has frozen $344 million in cryptocurrency linked to Iran. The move, announced via a post on X, is part of ongoing U.S. efforts to disrupt Tehran’s ability to generate, move, and repatriate funds, according to Bessent. “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,” Bessent said, as reported by Cointelegraph. The Treasury Secretary’s announcement came one…
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