U.S. Treasury Freezes $130 Million Iran-Linked IRGC Crypto Wallet on Tuesday

According to Treasury Secretary Scott Bessent, the U.S. froze a crypto wallet linked to Iran's Islamic Revolutionary Guard Corps worth $130 million on Tuesday, as part of efforts to track assets of Iran's supreme leader Ali Khamenei around the world. Bessent said investigators had identified "the money man for the Ayatollah" and were tracing Khamenei's holdings, including properties valued at over $100 million.

Bessent also described Iran's economy as in "freefall," with the rial at an all-time low against the dollar and inflation exceeding 180%. In a related action, stablecoin issuer Tether froze $344 million in USDT across two blockchain addresses tied to the IRGC.