image sourced from original article at The United States Treasury Secretary Scott Bessent announced the seizure of $344 million in cryptocurrency assets linked to Iran. The Treasury Department said it will continue efforts to weaken Tehran's ability to generate, move, and repatriate funds, including by imposing sanctions on multiple digital wallets tied to the country.
According to a report, the action is part of a broader strategy to increase pressure on Tehran amid energy supply disruptions caused by conflict in the Middle East. A United States official said authorities are targeting both traditional sanctions evasion methods, such as front companies, and newer technologies including digital assets, while maintaining dialogue with financial institutions and digital asset exchanges.
Separately, an Iranian news agency reported that the Revolutionary Guard warned about the vulnerability of undersea data cables running through the Strait of Hormuz. The agency cautioned that simultaneous damage to several major cables could cause severe outages across the Persian Gulf.
The Strait of Hormuz is a critical oil transit route and a key hub for global communications infrastructure. The underwater fiber optic cables in the area carry a significant share of regional internet traffic and support financial transactions, cloud services, and major technology infrastructure connecting Asia, Europe, and the Middle East.
