US Treasury seizes nearly $500M in Iranian crypto as Bessent touts ‘Operation Economic Fury’
The US Treasury has seized nearly $500 million in cryptocurrency linked to Iran as part of a sanctions campaign called 'Operation Economic Fury.' This seizure, along with a separate freeze of approximately $344 million in Tether, brings the total to nearly $1 billion, although some officials consider this figure exaggerated. The actions are part of a broader strategy to prevent the Iranian regime from accessing funds that could be used against the interests of the US and its allies.
- ▪The US Treasury seized nearly $500 million in Iranian-linked cryptocurrency assets.
- ▪A separate freeze of approximately $344 million in Tether was also executed, linked to Iranian wallets.
- ▪Officials have indicated that the total figure of nearly $1 billion may be exaggerated, as specific seizures are closer to $344 million to $500 million.
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US Treasury seizes nearly $500M in Iranian crypto as Bessent touts ‘Operation Economic Fury’ Treasury Secretary Scott Bessent claims roughly $1 billion in Iranian crypto holdings have been seized, though officials put confirmed figures closer to $500 million plus a separate Tether freeze of $344 million. 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); Treasury Secretary Scott…
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