U.S. Seizes $1 Billion in Iranian Crypto Under Operation Economic Fury

The United States has seized approximately $1 billion in cryptocurrency linked to Iran as part of "Operation Economic Fury," according to CoinDesk. This initiative aims to cut off Tehran's access to overseas revenue, banking networks, and digital-asset infrastructure. Treasury Secretary Scott Bessent highlighted the campaign's impact on Iran's economy, noting over 200% inflation and unpaid military personnel. The U.S. has also targeted Iran's global shadow banking networks and sanctioned officials facilitating oil sales with Iran-backed militias.