Treasury says nearly $1 billion removed from Iran-linked crypto wallets, provides few operational details
U.S. Treasury Secretary Scott Bessent announced at the Reagan National Economic Forum that U.S. authorities have seized nearly $1 billion in cryptocurrency assets linked to Iran [1] [2] [3].
Bessent described the action saying officials “just outright grabbed the wallets,” and provided few operational details during his remarks [4].
Reporting indicates the announcement did not specify which cryptocurrencies were involved or when the seizures occurred; outlets say the enforcement formed part of sanctions and inspection activities targeting Iran‑linked crypto assets [3] [1].
Observers have flagged the seizures as underscoring how centralized enforcement and sanctions can affect digital‑asset holdings, and officials have not yet released detailed public information on affected wallets or asset types [2] [3].
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Citations
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- 1U.S. Treasury: The United States Has Seized Nearly $1 Billion of Iran’s CryptoBitcoin Magazine• May 29, 2026
- 2Bessent reports seizure of $1B in Iranian crypto holdingsCrypto Briefing• May 29, 2026
- 3BREAKING: U.S. Announces Seizure of $1 Billion in Cryptocurrency Belonging to IranBitcoin Sistemi• May 29, 2026
- 4How do you think they did this?r/CryptoCurrency• May 29, 2026
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