Treasury Confirms $1B Seizure of Iranian Crypto Assets

On June 6 Treasury Secretary Scott Bessent confirmed the U.S. has seized roughly $1 billion in Iranian-linked cryptocurrency under Operation Economic Fury. The milestone follows the May 30 disclosure that doubled an earlier $500 million figure and the June 2–3 OFAC sanctions that added Nobitex, Wallex, Bitpin and Ramzinex—platforms handling over half of Iran’s crypto inflows—to the SDN list. Earlier enforcement included Tether’s April freeze of $344 million in USDT and a May 23 $10 million bounty targeting Burmese scam compounds. The cumulative action underscores escalating on-chain enforcement while leaving open whether forfeited Bitcoin will enter the Strategic Bitcoin Reserve.