TechFlow news, July 16: According to Cointelegraph, the U.S. Treasury confirmed on Tuesday the freezing of cryptocurrency wallets worth $131 million linked to the Central Bank of Iran. Treasury Secretary Scott Bessent stated that the U.S. is committed to cracking down on illegal financial activities conducted by Iran using digital assets and will continue to track fund flows to prevent the Iranian regime from obtaining illegal income.
This freezing occurred against the backdrop of the breakdown of the U.S.-Iran ceasefire agreement and escalating tensions in the Middle East. Previously, Tether froze four USDT wallets on the Tron chain at the request of the U.S. side. In April and May this year, the U.S. side froze $344 million and confiscated approximately $1 billion in Iran-linked crypto assets respectively.
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