US Treasury Targets $1B in Iran-Linked Crypto Seizures Amid 'Absolute Isolation' Campaign

Treasury Secretary Scott Bessent stated the U.S. will "probably" seize $1 billion in Iran-linked crypto this week. The planned enforcement is part of a broader "absolute isolation campaign" that includes restricting international flights and closing land routes. Bessent did not clarify whether this targeted $1 billion is a new enforcement action or simply overlaps with nearly $500 million in previously announced seizures. The Treasury previously sanctioned multiple Iranian exchanges this year, targeting platforms like BitBank over allegations of funneling hundreds of millions in Bitcoin to the Islamic Revolutionary Guard Corps. "We’re probably gonna seize a billion dollars of crypto this week. We know where it is and we are isolating them." — Scott Bessent