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US Treasury Secretary: 'America has seized $1 billion in Iranian crypto assets'
Bessent said the seizure is part of Operation Economic Fury, which he said has cut off Iran’s financial lifelines and pushed its economy toward crisis.
- On Thursday, Treasury Secretary Scott Bessent announced that U.S. authorities have seized roughly $1 billion in Iranian cryptocurrency assets, stating officials "outright grabbed the wallets" as part of Operation Economic Fury.
- Launched in March 2025, Operation Economic Fury targets Tehran's sanctions-evasion networks that previously siphoned an estimated $400 million to $500 million monthly through cryptocurrency channels.
- Bessent stated the seized funds are held for terrorism victims and the Iranian people, while asserting financial pressure has left the regime in "crisis," with 40% to 50% of troops reportedly unpaid.
- Alongside cryptocurrency seizures, U.S. service members enforce a naval blockade in the Strait of Hormuz, with Bessent praising young personnel: "They've done an incredible job," he told FOX Business.
- Treasury officials plan further forfeiture actions against Iranian assets, reinforcing the administration's doctrine that "economic security is national security" and reducing dangerous overdependence on foreign adversaries.
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BREAKING: U.S. Launches Operation Economic Fury… Iran's Hidden Wealth Targeted
The situation surrounding Iranian finances underscores a critical shift in U.S. strategy toward a regime that has long been a source of regional unrest. U.S. Treasury Secretary Scott Bessent has announced a sweeping operation, known as Operation Economic Fury, aimed at uncovering and seizing Iranian assets hidden in the Persian Gulf. This move comes amidst rising tensions, with Bessent emphasizing the significant financial pressure being applied…
US Seizes Nearly $1 Billion in Iranian Crypto Assets, Treasury Secretary Says
Some Iranian crypto wallet owners may not yet know their funds are gone, Treasury Secretary Scott Bessent said Friday, as the US disclosed it has seized nearly $1 billion in Iranian crypto assets.
·Dubai, United Arab Emirates (the)
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Total News Sources59
Leaning Left2Leaning Right17Center5Last UpdatedBias Distribution71% Right
Bias Distribution
- 71% of the sources lean Right
71% Right
C 21%
R 71%
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