$1 Billion in Iranian Crypto Seized by US as Iran's Financial Crisis Deepens

The US Treasury Department has announced that it has seized approximately $1 billion in Iranian cryptocurrency assets as part of sanctions enforcement against Tehran. This figure is nearly triple the earlier estimate, which was released just weeks ago.

The seizures are part of a campaign called Operation Economic Fury, launched in March 2025, to disrupt Iran's financial situation, which has been described as increasingly dire.

Iran's financial crisis has been characterized by inflation surpassing 200%, food vouchers being handed out, the internet being shut down, and between 40 and 50% of Iranian troops not receiving their pay.

The operation has targeted multiple fronts, including freezing bank accounts, confiscating properties with European allies, and targeting cryptocurrency holdings.