U.S. Treasury freezes over $130 million in Iran-linked crypto wallets; Tether complies

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On July 15, 2026, the U.S. Treasury’s OFAC sanctioned multiple Iran-linked crypto wallets under MiCA-like enforcement, freezing over $130 million in assets. Tether froze $131 million in USDT on Tron from four wallets associated with Iran’s Central Bank and the Revolutionary Guard. The funds had been largely transferred from DTC Pay and Bitso. In April 2026, Tether also froze $344 million in USDT on Tron at the request of U.S. authorities. The company now collaborates with over 340 law enforcement agencies across 65 countries and has frozen more than $4.4 billion in total. Risk-on assets faced renewed regulatory pressure.

ChainThink reports that on July 15, according to The Block, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on multiple cryptocurrency wallets linked to Iran, freezing assets exceeding $130 million.

U.S. Treasury Secretary Scott Bessent stated that the aforementioned wallet is linked to Iran's Central Bank.

On-chain analyst Specter revealed that Tether has frozen 131 million USDT across four wallets on the Tron network; the associated addresses are linked to the Islamic Revolutionary Guard Corps and Iran's Central Bank, with most of the funds previously withdrawn from the payment service provider DTC Pay and the cryptocurrency exchange Bitso.

In April this year, Tether cooperated with U.S. authorities to freeze over 344 million USDT on the Tron network at two addresses.

Tether has partnered with over 340 law enforcement agencies across 65 countries worldwide, collectively freezing assets exceeding $4.4 billion.

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