Bessent: US Freezes $344m in Crypto With Sanctions Tied to Iran

The US is sanctioning multiple wallets tied to Iran, resulting in the freeze of $344 million in cryptocurrency, Treasury Secretary Scott Bessent says in a post on X.

• “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 says

To contact the reporter on this story:
Maria Luiza Rabello in Washington at mrabello@bloomberg.net

To contact the editors responsible for this story:
Kasia Klimasinska at kklimasinska@bloomberg.net

Tyler Clifford

© 2026 Bloomberg L.P. All rights reserved. Used with permission.