Gate News message, April 24 — The U.S. Treasury Department, led by Secretary Scott Bessent, has sanctioned multiple wallets linked to Iran and announced the freezing of $344 million in cryptocurrency across two addresses. Tether assisted the U.S. government in executing the freeze, while Chainalysis provided blockchain analysis confirming the wallets’ activity patterns matched those of Iran’s Islamic Revolutionary Guard Corps (IRGC).
According to U.S. officials, blockchain analysis revealed the funds flowed through intermediary addresses connected to Iran’s central bank wallets, used to evade sanctions and facilitate international trade. The Treasury stated it will continue tracking and disrupting all financial networks associated with the Iranian regime.
Data shows Iran’s total cryptocurrency holdings reached $7.8 billion in 2025, with the IRGC accounting for approximately 50% of holdings in the fourth quarter of last year.
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