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Treasury Secretary Bessent Says US Has 'Grabbed' $1 Billion in Crypto From Iran

DE
Decrypt Editorial
(08:40 PM UTC)
1 min read
EW
Updated byEmily Watson

In brief

  • Treasury Secretary Scott Bessent said on Friday that the U.S. has seized roughly $1 billion worth of cryptocurrencies from Iran.
  • Iran’s Islamic Revolutionary Guard Corps has reportedly embraced Bitcoin, from maritime insurance to shipping tolls.
  • Actors linked to Iran have used Tether’s USDT stablecoin to move funds, Israeli authorities alleged last year.

The U.S. government has seized…

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