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CryptoMediumUpdated×8•Originally published 24 April 2026•Updated 25 April 2026•

1 min read

US Sanctions Iran-Linked Crypto Wallets as Tether Freezes $344M in USDT

Key Facts

1The US sanctioned Iran-linked crypto wallets, including addresses holding $344 million.

2Tether froze $344 million worth of USDT linked to these addresses one day prior to the sanctions announcement.

The US government has sanctioned cryptocurrency wallets linked to Iran, following Tether's freeze of $344 million in USDT on the Tron network. Treasury Secretary Scott Bessent confirmed the move aims to choke off financial lifelines as part of the 'Economic Fury' campaign. In a parallel diplomatic development, the United Kingdom and France led a video conference from Paris to rally international support for ensuring freedom of navigation in the Strait of Hormuz. This action aligns with the Trump administration's strategy to blockade the strait and prevent sanctions evasion. Meanwhile, South Korea views these European security initiatives as a warning regarding the risks of lacking hard-power readiness and monetary control. Analysts suggest this coordination underscores the growing intersection of digital finance and geopolitical enforcement through centralized stablecoin control.

about 1 month ago

Version History

1 additional source confirmed this story

Version 8about 1 month ago

What changed: The story was updated to include UK and French-led diplomatic efforts regarding maritime security in the Strait of Hormuz, alongside South Korea's strategic reaction.

Version 7about 1 month ago

What changed: Added information regarding the U.S. Treasury's reliance on blockchain analytics and stablecoin issuers, as reported by Odaily.

Version 6about 1 month ago

What changed: The story was updated to specify that the frozen assets are linked to Iranian state entities and to clarify the strategic diplomatic objectives behind the seizure.

Version 5about 1 month ago

What changed: Clarified the sequence of events, showing Tether acted on a law enforcement request 24 hours before the public announcement.

Version 4about 1 month ago

What changed: Identified the Tron network as the specific blockchain where the assets were frozen.

Version 3about 1 month ago

What changed: Added official confirmation from Treasury Secretary Scott Bessent and the 'Economic Fury' campaign branding.

Version 2about 1 month ago

What changed: Confirmed the direct link between the Tether freeze and specific US sanctions timing, identifying CNN as the reporting source.

Version 1about 1 month ago

What changed: Updated the story to link the fund freeze to Trump administration pressure and the Strait of Hormuz blockade.