Key facts
- The U.S. Treasury has frozen a $130 million cryptocurrency wallet.
- The wallet is linked to Iran's Islamic Revolutionary Guard Corps (IRGC).
- The action is part of a broader effort to track and seize assets tied to Supreme Leader Ali Khamenei.
- The move is intended to increase economic pressure on Tehran.
The U.S. Treasury has frozen a cryptocurrency wallet valued at $130 million that is linked to Iran's Islamic Revolutionary Guard Corps (IRGC). Treasury Secretary Scott Bessent stated that this action is part of a wider initiative to track and confiscate assets associated with Iran's Supreme Leader Ali Khamenei. The move is also intended to exert greater economic pressure on Tehran.