U.S. Treasury Seizes $500 Million in Cryptocurrency Linked to Iran, Following a $550 Million USDT Freeze Last Week

U.S. Treasury Seizes Approximately $500 Million in Cryptocurrency

On April 29, U.S. Treasury Secretary Scott Bessent revealed on the 'FOX Business' show that approximately $500 million (78.2 billion yen) in cryptocurrency linked to Iran was seized through 'Operation Economic Fury.' Led by the Trump administration, this operation aims to cut off funding sources to the Iranian regime. The U.S. government is intensifying countermeasures, including the recent collaboration with Tether to freeze $550 million worth of USDT, targeting Iran's use of cryptocurrencies to evade sanctions.