COINTELEGRAPH · 2026-10-09 20:39 UTC

US plans to seize $1B in crypto linked to Iran this week: Scott Bessent

US Treasury Secretary Scott Bessent announced plans to seize approximately $1 billion in cryptocurrency linked to Iran this week as part of US sanctions. The seizure is part of broader economic pressure on Iran following military conflict that began in February, with authorities targeting crypto exchanges facilitating fund transfers to Iran's Islamic Revolutionary Guard Corps. Bessent previously claimed a $500 million crypto seizure in April; Tether reported freezing $550 million in USDT in 2024 under US sanctions on Iran.

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