US Seizes $500 Million in Cryptocurrency from Iran's Economy

The United States has taken a significant step in its efforts to isolate Iran's economy, seizing nearly $500 million in cryptocurrency as part of Operation Economic Fury.

Announced in March 2025, the operation aims to limit Iran's access to the global financial system by freezing bank accounts, seizing assets, and imposing secondary sanctions on countries that continue to purchase Iranian oil.

The seizure includes frozen Tether stablecoins, which were locked by US authorities after a request was made. This brings the total amount of seized cryptocurrency to $500 million, surpassing previous reports of $344 million.