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The United States has seized about $1 billion worth of cryptocurrency tied to Iran, Treasury Secretary Scott Bessent said, describing the action as part of a broader campaign to cut off funding channels used by Tehran. Speaking in an interview on Fox Business, Bessent said U.S. authorities had “grabbed the wallets” and seized cryptocurrency connected to Iran. He said the effort falls under Operation Economic Fury, an administration initiative aimed at restricting Iran’s access to overseas revenue, banking networks and digital-asset infrastructure. “In addition, Treasury has cracked down on Tehran’s global shadow banking networks; designated networks supplying weapons and other military components to Iran; sanctioned a corrupt Iraqi official who has facilitated the sale of oil along with Iran-backed militias operating in Iraq,” a press release from the Treasu
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Key Insights Crypto news focused on a $1 billion Iranian asset seizure. Treasury expanded Operation Economic Fury against Tehran. U.S. officials said some wallet owners remain unaware. The latest crypto news emerged from Washington after U.S. Treasury Secretary Scott Bessent disclosed a large-scale seizure of Iranian cryptocurrency assets. Speaking on May 30 at the Reagan National Economic Forum, Bessent said authorities had taken control of roughly $1 billion linked to Iran. He added that some affected holders may still not realize their wallets were compromised. The disclosure marked a new stage in the financial campaign targeting Tehran. Crypto news has increasingly intersected with sanctions enforcement as governments expand efforts beyond traditional banking channels. Digital assets have become another battlefield in economic disputes because they allow value tran
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Some Iranian crypto wallet owners may not even know yet that their money is gone. Treasury Secretary Scott Bessent disclosed Friday that the US has quietly seized roughly $1 billion in digital assets tied to Iran, a figure that has nearly tripled from earlier estimates released just weeks ago. Related Reading: Unknown Wallet Destroys $8.5 Million In Bitcoin In Shocking Burn Operation Economic Fury The seizures are part of a campaign called Operation Economic Fury, launched in March 2025, which has gone after Iranian assets on multiple fronts — freezing bank accounts, confiscating properties with European allies, and targeting cryptocurrency holdings. Bessent spoke about the effort at the Reagan National Economic Forum, describing the operation as part of a broader effort to cut off Iran financially. The $1 billion disclosure is roughly double the $500 million the Treasury Department announced in late April, and far above the $344 million figure that was made public earlier that same mo
The FBI seized over $8B in crypto and arrested 300 suspects in a global crackdown on scam compounds across Asia and the Middle East. The FBI has pulled off its biggest financial move yet. The bureau seized over $8 billion in crypto and arrested nearly 300 suspects in a sweeping global operation. The crackdown targeted […]
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Crypto News The United States has seized roughly $1 billion in Iranian cryptocurrency assets, Treasury Secretary Scott Bessent disclosed at the Reagan National Economic Forum on Friday. Bessent said federal authorities “outright grabbed the wallets,” adding that some Iranian holders may still be unaware their funds have been confiscated. Forensic investigators reportedly traced flows from regime-linked cold wallets using public ledger analysis. The newly announced figure roughly doubles the $500 million in Iranian crypto the Treasury disclosed seizing in late April and significantly exceeds the $344 million reported earlier this month. The operation underscores Washington’s intent to weaponize on-chain transparency against adversarial regimes. The seizures form part of Operation Economic Fury, a financial pressure campaign launched in March 2025 to choke off Tehran’s
