The United States has seized cryptocurrency assets worth $344 million connected to Iran, according to a statement released on Friday by U.S. Treasury Secretary Scott Besent. He announced the action through a post on social media platform X, emphasizing that the Treasury Department will continue efforts to systematically weaken Tehran’s ability to generate, transfer, and repatriate funds.

Besent added that the seizure was carried out by imposing sanctions on multiple digital wallets associated with Iran. A U.S. official, speaking anonymously, said that digital assets are now being targeted alongside traditional methods such as fake companies used to evade sanctions.

The announcement underscores Washington’s ongoing strategy to curb Iran’s access to international financial systems through both conventional and digital channels.