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$475 million in Iranian Central Bank USDT has now been frozen since the war started
"We've had a very smiley and happy Bessent telling you about all of the foreign assets they've frozen of the Iranian Central Bank since the war started. A huge chunk of that was in crypto. Before, it was reported as roughly a half billion dollars in assets had already been frozen"
"In this case, it's 131 million in wallets that had received 165 million. This adds to the previous 344 million in USDT that was frozen. So that gives us 475 million just in USDT that has been frozen"
"To be clear, the Central Bank has been on the OFAC sanctions list, I believe, since 2019. There's nothing new here except that they're identifying new wallets on new chains and now are actively freezing them since the war started"