US Treasury Secretary: 'Seized $1 Billion of Iranian Cryptocurrency Entirely... We Snagged the Wallets'

The U.S. has officially confirmed the seizure of approximately $1 billion in cryptocurrency linked to the Iranian regime. This marks the largest ever crypto sanction enforcement, with the U.S. Treasury directly seizing blockchain wallets, as cryptocurrency emerged as a key channel for nation-states to evade sanctions. U.S. Treasury Secretary Scott Bessent announced this, stating, 'We have seized the entire wallets,' and suggested some might not even know their wallets have been seized while still trying to use them.

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