US Freezes Over $344 Million in USDT Linked to Iranian Regime

robot
Abstract generation in progress

On April 24, a US official revealed that the United States requested Tether’s assistance in freezing over 344 million USDT related to Iran. The US government has found evidence of substantial connections to the Iranian regime, including confirmed transactions with Iranian trading platforms and a series of transactions routed through intermediary addresses interacting with wallets associated with the Iranian central bank. This move by the Trump administration aims to pressure Tehran. As diplomatic efforts to end the war continue to face significant obstacles, the US government has been trying to increase economic pressure on Iran. It remains unclear whether the freezing of this substantial amount will have any actual impact on Tehran’s war and negotiation strategies. US Treasury Secretary Scott Basset stated today that the Treasury is ‘sanctioning multiple wallets related to Iran, and we will track the funds that Tehran is desperately trying to transfer abroad, cutting off all financial lifelines associated with the regime.’ The Iranian delegation to the United Nations has declined to comment on this matter.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin