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US Treasury Sanctions 9 Iran-Linked Actors Amid $1B Iran Crypto Assets Freeze

Geopolitics Enforcement Actions Regulation & Policy

2026-06-11 04:32:03

According to the U.S. Department of the Treasury, the Office of Foreign Assets Control sanctioned nine individuals and entities on June 11 for supporting weapons procurement networks linked to Iran's Islamic Revolutionary Guard Corps and Ministry of Defense and Armed Forces Logistics. The sanctions target China- and Hong Kong-based actors, including the company Mustad Limited and related entities, accused of facilitating weapons acquisitions and financial transfers. Treasury Secretary Scott Bessent stated the department is disrupting foreign procurement networks supporting Iran's military. The action follows earlier U.S. measures that froze approximately $1 billion in cryptocurrency tied to Iran as part of broader efforts to restrict Tehran's access to overseas financial and digital asset infrastructure.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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