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The US Treasury sanctioned multiple crypto wallets tied to Iran today, one day after stablecoin issuer Tether froze roughly $344 million in (CRYPTO: USDT) linked to the same network.
The freeze hit two Tron (CRYPTO: TRX) addresses holding around $213 million and $131 million respectively, carried out in coordination with the Office of Foreign Assets Control and US law enforcement.
“We will follow the money that Tehran is desperately attempting to move outside of the country,” Treasury Secretary Scott Bessent said.
A Shadow Economy In The Strait
The action fits a broader pattern of Iran leaning on crypto rails to sidestep sanctions.
Since mid-March, Tehran has been charging transit …
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