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US freezes $131M in Iran-linked crypto as Middle East tensions rise

Cointelegraph·July 15, 2026·1 min read
US freezes $131M in Iran-linked crypto as Middle East tensions rise

The US Treasury froze $131 million in Iran-linked cryptocurrency amid rising Middle East tensions. Treasury Secretary Scott Bessent stated the department is committed to disrupting Iran's illicit financial activities, including its abuse of digital assets. The action targets Iran's use of crypto to bypass sanctions and fund operations.

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