US announces seizure of $1 billion in Iranian cryptocurrency

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The US has taken control of Iranian crypto wallets worth approximately one billion dollars. The asset owners may not have even noticed the loss of access to the funds.

The United States has seized approximately $1 billion in Iranian cryptocurrency. U.S. Treasury Secretary Scott Bessent announced this during the 2026 Reagan National Economic Forum, CNN reports, according to UNN.

Details

"I believe we have seized about a billion dollars in cryptocurrency,"

Bessent said.

According to him, U.S. authorities have effectively gained control over crypto wallets linked to Iran.

The Secretary noted that some asset owners might not even be aware that they have lost access to their funds.

"We just took the wallets. Some of them might be typing right now and not realize that their wallet has been snatched,"

he stated.

Bessent did not provide additional details regarding the operation, specifically when exactly the seizure of crypto-assets took place or which Iranian entities might have been linked to these funds.

Iranian official states that a deal with the US has not yet been reached29.05.26, 21:46

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