U.S. Treasury Seizes $1 Billion in Iran-Linked Crypto Under Operation Economic Fury
By
Jamie Redman
Slow-proofed and worth the wait. Worth its weight in flour.
Summary
Treasury Secretary Scott Bessent announced at the Reagan National Economic Forum that the U.S. Treasury has seized approximately $1 billion in Iranian-linked cryptocurrency assets through Operation Economic Fury, a financial pressure campaign targeting Iran's revenue streams and weapons funding. The seizures include a $344 million Tether freeze, and the operation represents a cumulative effort to disrupt Iranian financial networks without warning.
Key quotes
· 3 pulledThe U.S. Treasury has seized approximately $1 billion in Iranian-linked cryptocurrency assets.
Operation Economic Fury is a Treasury-led financial pressure campaign targeting Iran's revenue streams, weapons funding, and sanctions evasion.
The seizures include a $344 million Tether freeze.
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