Bank Of Baku

US froze $344 million in Iran-linked cryptocurrency

US froze $344 million in Iran-linked cryptocurrency
# 25 April 2026 02:22 (UTC +04:00)

The United States is freezing $344 million in Iran-linked cryptocurrency wallets and will continue to take actions aimed at depriving Tehran of the ability to "generate, move, and repatriate funds," US Treasury Secretary Scott Bessent announced, APA reports.

"As part of the Economic Rage campaign, the US Treasury Department will continue to systematically disrupt Tehran's ability to generate, move, and repatriate funds," he wrote in X. According to Bessent, "The US Treasury Department's Office of Foreign Assets Control is sanctioning numerous Iran-linked wallets, resulting in the freezing of $344 million in cryptocurrency." "We will track all funds Tehran desperately attempts to move out of the country and target all financial lifelines linked to the regime," the minister added.

At the same time, the US Treasury Department announced the introduction of sanctions against approximately 40 shipping companies and tankers allegedly linked to Iran's so-called shadow fleet.

Furthermore, restrictive measures were imposed against the Chinese oil refinery Hengli Petrochemical in Dalian, allegedly for its involvement in the "illicit trade" of Iranian fuel. According to the US State Department, this is a "major independent Chinese oil refinery."

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