U.S. Says It Has Seized $1 Billion in Iran-Linked Crypto Assets

U.S. Treasury Secretary Scott Bessent said the United States has taken control of cryptocurrency wallets linked to Iran, seizing around $1 billion in digital assets through what he described as a direct takeover operation.

Speaking to Fox Business, he further noted that Iran’s attack on Gulf Cooperation Council (GCC) infrastructure ultimately backfired, as it helped Washington deepen cooperation with Gulf partners and push for increased scrutiny of regional banking systems.

Source: Fox Business