US Freezes $500M in Cryptocurrency Assets Tied to Iranian Networks

The US government has intensified its crackdown on Iran's cryptocurrency use by freezing nearly $500 million in assets tied to Iranian financial networks.

According to officials, the freeze is part of 'Operation Economic Fury', an initiative launched by President Donald Trump in March 2025 aimed at disrupting Iran's use of crypto channels to evade sanctions and move money across borders.

The largest single action under this operation came from Tether, a stablecoin issuer that froze over $344 million in USDT after the Office of Foreign Assets Control sanctioned multiple crypto wallets linked to Iran on April 24, 2026.