U.S. Seizes $1B in Iranian Crypto Under Operation Economic…

The United States has seized approximately $1 billion in cryptocurrency linked to Iran, Treasury Secretary Scott Bessent announced, describing the action as part of a sweeping campaign to sever Tehran's access to overseas revenue, banking networks, and digital-asset infrastructure. The effort operates under the banner of "Operation Economic Fury."

Bessent said U.S. authorities had "grabbed the wallets" connected to Iran, while Treasury simultaneously cracked down on shadow banking networks, sanctioned weapons-supply chains, and designated a corrupt Iraqi official facilitating Iranian oil sales. He noted that Iranian officials had previously moved hundreds of millions of dollars each month before Treasury intervention.