US Treasury Secretary: 'America has seized $1 billion in Iranian crypto assets'
Scott Bessent said the seizure is part of Operation Economic Fury, which he said has cut off about $1 billion in Iranian crypto assets.
- The U.S. has seized approximately $1 billion in Iranian cryptocurrency assets as part of Operation Economic Fury, an economic pressure campaign launched in March 2025 targeting Iran's economy.
- Operation Economic Fury involves freezing Iranian bank accounts, seizing assets worldwide including properties, and pressuring foreign governments to cut ties with Iran.
- Inflation in Iran is over 200%, about 40-50% of troops are unpaid, and the government has been forced to provide food vouchers and restrict internet access, indicating serious economic distress.
- Iran's leadership is described as being divided between theocratic clerics and the IRGC, with ongoing negotiations occurring amid financial and military pressures from the U.S. campaign.
19 Articles
19 Articles
Times of India
The Economic TimesUS seized $1 billion in Iranian crypto, Scott Bessent says; claims Tehran facing financial crisis
US Treasury Secretary Scott Bessent announced the seizure of approximately $1 billion in Iranian cryptocurrency assets as part of "Operation Economic Fury." This economic pressure campaign, combined with military actions, has severely weakened Iran's financial standing, leading to salary shortages and surging inflation. Bessent highlighted efforts to disrupt Iran's financial networks and noted increased cooperation with Gulf allies.
Fox Business
The New York LedgerScott Bessent says US seized roughly $1B in Iranian crypto as regime nears 'end of their tether'
Scott Bessent announces $1 billion seizure of Iranian crypto assets and says Operation Economic Fury has sent the Iranian regime into financial crisis.
Bessent says US has seized $1 billion in Iranian crypto assets
U.S. Treasury Secretary Scott Bessent on Friday (May 29) said the U.S. had seized $1 billion in Iranian cryptocurrency assets as part of the economic component of President Donald Trump's war on the Islamic Republic.
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