OFAC is the U.S. Treasury Department office that administers and enforces economic and trade sanctions based upon U.S. foreign policy and national security goals.

Did Tether cooperate with the seizure?

Yes, Tether worked closely with OFAC and U.S. law enforcement to freeze the funds.

Will this affect regular crypto users?

For the average user operating within legal frameworks, this action should have no direct impact. It targets specific wallets linked to state actors for sanctions evasion.

📋 RegTech & Compliance

Iran's Central Bank Just Had $344 Million in Crypto Swiped by Uncle Sam

The US Treasury just did something big. They froze $344 million in crypto tied directly to Iran's Central Bank.

Fintech Dose Apr 28, 2026 4 min read

An abstract image representing frozen digital assets and government seals.

⚡ Key Takeaways

OFAC froze $344.2 million in USDT linked to Iran's Central Bank, marking the largest on-chain seizure of Iranian state-linked crypto. 𝕏
The sanctioned wallets were used as long-term reserve vaults, not for daily operations, with minimal outbound transactions. 𝕏
This action signifies a shift in regulatory focus, targeting sovereign reserve layers of crypto rather than just intermediaries. 𝕏

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Fintech Dose

Markets. Money. Innovation.

#Iran crypto #OFAC sanctions #Tether USDT #cryptocurrency enforcement

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Originally reported by Crowdfund Insider

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