US Treasury Secretary Scott Besent announced today that America has now seized a cumulative total of nearly $1 billion in Iranian cryptocurrency assets as part of an escalating sanctions campaign.
The cumulative total reaches $1 billion
This number represents the total seizures so far, and no new measures were announced today.
It depends on previous milestones, including specialization April 2026 Freezes $344 million in USDT On the blockchain you can see.
Bessent had previously reported nearly $500 million in late April, and today’s update reflects additional freezes accumulated since then.
“It has completely taken over the wallets. Some of them may be writing now and may not realize that their wallet has been taken,” Besant said. Notice During his speech at the Reagan National Economic Forum.
Follow us on XTo get the latest news as it happens
The process of economic anger is accelerating
Operation Economic Fury, launched in March 2025, targets Iranian sanctions evasion networks. Iran has relied on stablecoins, especially USDT on Tron, to move funds for oil sales and IRGC operations.
The US is working with issuers such as Tether and blockchain analysis companies to identify and immobilize wallets.
Besant previously referred to Iran Transferring 400-500 million dollars per month via encryption channels before intensifying compression.
The assets are held “on behalf of the Iranian people” and some face claims from victims of terrorism.
Expect continued OFAC portfolio designations and potential seizures in the coming months. The Iranian economy is already suffering from the decline in the value of the rial, banking pressures, and falling oil revenues.
This cumulative achievement represents a major escalation in the financial war, demonstrating how traceable blockchain activity can be used as a weapon against sanctions evasion.
this post US Reaches $1 Billion in Iranian Cryptocurrency Seized So Far: Bessent’s Big Update appeared first on BeInCrypto.
