US Seizes Nearly $1 Billion in Iranian Crypto Assets, Treasury Says

The United States has seized roughly $1 billion in Iranian crypto assets, Treasury Secretary Scott Bessent said at the Reagan National Economic Forum. "I believe that we have seized about a billion dollars of their crypto," Bessent said. "Just outright grabbed the wallets.

Some of them may be typing in right now and not have realized that their wallet had been grabbed." He described the action as part of Operation Economic Fury, a financial pressure campaign launched in March 2025 that has targeted Iranian assets across multiple fronts: seizing cryptocurrency, freezing bank accounts and working with European allies to confiscate properties.

"I think between five and a half to six weeks of an incredibly successful military campaign and Operation Economic Fury, where we have really cut them off. They are at the end of their Tether now financially," he added. Bessent said the regime had been siphoning $400 to $500 million a month and dividing the proceeds among roughly 80 leaders before the US intervened.

United States

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