Bessent reports seizure of $1B in Iranian crypto holdings
US Treasury Secretary Scott Bessent announced the seizure of approximately $1 billion in Iranian crypto holdings as part of Operation Economic Fury. The operation primarily targeted assets linked to Iran's Revolutionary Guard and involved significant collaboration with Tether, the issuer of USDT. While the total seizure figure is reported as $1 billion, confirmed frozen assets are closer to $500 million.
- ▪Operation Economic Fury has frozen hundreds of millions in USDT tied to Iran's Revolutionary Guard.
- ▪The actual verified seizure figures indicate nearly $500 million in confirmed frozen assets.
- ▪The Treasury imposed sanctions on two UK-registered cryptocurrency exchanges that facilitated IRGC-linked funds.
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Bessent reports seizure of $1B in Iranian crypto holdings Operation Economic Fury has frozen hundreds of millions in USDT tied to Iran's Revolutionary Guard, with the Treasury Secretary citing a billion-dollar total. Share Add us on Google by Editorial Team May. 29, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); US Treasury Secretary Scott Bessent has announced that roughly $1 billion in Iranian crypto holdings have been seized,…
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