U.S. Freezes $131 Million In Iran-Linked Crypto Wallets
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The American Treasury says it has frozen $131 million U.S. worth of digital assets in multiple cryptocurrency wallets tied to Iran’s Central Bank and the Islamic Revolutionary Guard.
On social media, Treasury Secretary Scott Bessent said that the U.S. would “aggressively follow the money and deny the Iranian regime access” to illicit crypto.
Iran has reportedly spent years building cryptocurrency infrastructure to circumvent sanctions from the U.S. and other nations.
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Iran legalized Bitcoin (CRYPTO: $BTC) mining in 2019 and relies heavily on stablecoins to help it evade economic sanctions.
Blockchain analytics firm Chainalysis has tracked nearly $8 billion U.S. in Iranian crypto this year, with other estimates placing the value closer to $10 billion U.S.
The U.S. freeze is the latest move in a campaign called “Operation Economic Fury” by the Trump administration in Washington, D.C.
Bessent said the U.S. has now seized roughly $1 billion U.S. in Iranian crypto assets since the economic campaign began.
In June, the U.S. Treasury sanctioned Iran’s four largest exchanges, including Nobitex, which is believed to have processed more than half of the country’s crypto volume in 2025.
BTC is trading just above $65,000 U.S. on July 15.
