Odaily Planet Daily reports: U.S. Treasury Secretary Scott Bessent stated that since the conflict erupted in February, the U.S. government has seized a significant amount of crypto assets linked to Iranian military entities, totaling approximately $1 billion. Scott Bessent also noted that U.S. authorities have taken direct control of the associated wallets, and some holders may not yet be aware their assets have been seized. This month, Iran’s Islamic Revolutionary Guard Corps (IRGC) was accused of promoting a Bitcoin-based settlement platform for maritime insurance called Hormuz Safe, and Iran had reportedly planned to require tankers passing through the Hormuz Strait to pay tolls in Bitcoin. Scott Bessent did not directly link the seizure to these arrangements, nor did he specify whether Bitcoin was involved. Additional allegations claim that actors affiliated with Iran have used Tether’s USDT stablecoin to transfer funds, with reports suggesting the IRGC received $1.5 billion in USDT.
The U.S. Treasury says it has seized $1 billion in Iranian crypto assets
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Summary
U.S. Treasury Secretary Scott Bessent confirmed that the government has seized approximately $1 billion in crypto assets linked to Iranian military groups under Counter-Financing of Terrorism (CFT) efforts. The Treasury now controls the associated wallets, some of which remain unaware to their holders. Separately, Iran’s Revolutionary Guard is connected to Hormuz Safe, a Bitcoin-based maritime insurance platform, and plans to collect tolls in Bitcoin. Tether’s USDT has also been used to transfer funds, with reports indicating the Guard received $1.5 billion. As MiCA advances in the EU, global regulators are intensifying oversight of crypto flows.
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