Cryptocurrency assets worth $344 million, believed to be linked to Iran, have been frozen in the US.
Modern.az reports that CNN published information about this.
According to the information, Tether company blocked $344 million worth of USDT stablecoins held in two crypto wallets. It was stated that this step was carried out in coordination with the US Office of Foreign Assets Control and law enforcement agencies.
The company noted that the freezing of assets occurred after information related to illegal activities.
It should be noted that USDT’s smart-contract mechanisms allow restricting transactions for specific addresses. In this case, the tokens remain in the wallet, but their transfer and use are not possible.