US seizes nearly $500M in Iran linked crypto as Bessent says sanctions push regime into crisis
Crypto Briefing
The US has seized nearly $500 million in Iranian-linked crypto assets as part of a campaign to economically isolate the regime.Summary
Treasury Secretary Scott Bessent announced that the United States has successfully seized nearly $500 million in Iranian-linked cryptocurrency. This action, part of the broader 'Operation Economic Fury,' aims to dismantle Tehran's financial networks by targeting digital assets, freezing bank accounts, and restricting oil revenues. The initiative recently included a $344 million seizure of USDT, facilitated with the cooperation of Tether, to disrupt illicit funding channels used by the Iranian regime and its military proxies. Furthermore, the US has signaled that it will enforce secondary sanctions against any international entities that continue to engage in business with Iran's oil sector.
(Source：Crypto Briefing)