On the 8th, U.S. Treasury Secretary Scott Bessent stated at an event hosted by U.S. media outlet Newsmax that there is a high likelihood of seizing $1 billion worth of Iranian cryptocurrency this week. He remarked, "We know where it is."
This statement comes amid reports that Iran has been using cryptocurrencies like Bitcoin (BTC) to evade sanctions. The U.S. began targeting cryptocurrency wallets linked to the Iranian regime in April...