US Seizes $1 Billion in Crypto Linked to Iran as Economic Pressure Mounts

The US Treasury Department has announced a significant milestone in its efforts to restrict Iran's access to financial resources. Under the banner of 'Operation Economic Fury,' American authorities have seized approximately $1 billion in cryptocurrency linked to the country. This move is part of a broader campaign to cut off funding channels used by Tehran.

Treasury Secretary Scott Bessent described the action as a key component of the administration's initiative to restrict Iran's access to overseas revenue, banking networks, and digital-asset infrastructure. The operation has already led to notable successes, including the designation of global shadow banking networks and Iranian officials facilitating the sale of oil.

According to Bessent, the pressure campaign has had a direct impact on Iran's economy, with high inflation rates exceeding 200% and large numbers of military personnel going unpaid. To cope with these challenges, Iranian authorities have resorted to distributing food vouchers and implementing internet shutdowns.