Some Iranian crypto wallet owners may not even know yet that their money is 
gone. Treasury Secretary Scott Bessent disclosed Friday that the US has 
quietly seized roughly $1 billion in digital assets tied to Iran, a figure 
that has nearly tripled from earlier estimates released just weeks ago. 
Related Reading: Unknown Wallet Destroys $8.5 Million In Bitcoin In Shocking 
Burn Operation Economic Fury The seizures are part of a campaign called 
Operation Economic Fury, launched in March 2025, which has gone after Iranian 
assets on multiple fronts — freezing bank accounts, confiscating properties 
with European allies, and targeting cryptocurrency holdings. Bessent spoke 
about the effort at the Reagan National Economic Forum, describing the 
operation as part of a broader effort to cut off Iran financially. The $1 
billion disclosure is roughly double the $500 million the Treasury Department 
announced in late April, and far above the $344 million figure that was made 
public earlier that same month. The numbers have been climbing fast. A Regime 
Under Pressure Iran&#8217;s financial situation, according to Bessent, has grown 
increasingly dire. He said inflation inside the country has likely surpassed 
200%, food vouchers are being handed out, the internet has been shut down, and 
between 40 and 50% of Iranian troops are not receiving their pay. 💴🔺 U.S. 
announces it has seized $1 billion in Iranian cryptocurrency assets Treasury 
Secretary Scott Bessent said Friday that U.S. authorities have seized 
approximately $1 billion in Iranian digital assets as part of sanctions 
enforcement against Tehran. ￼ The figure… — Drop Site (@DropSiteNews) May 29, 
2026 Before the US stepped in, Bessent said the regime had been drawing $400 
to $500 million a month and splitting it among roughly 80 leaders. That flow 
of money has since been disrupted, he said. The treasury secretary also 
touched on ongoing negotiations with Iran, saying the talks are complicated by 
a fractured leadership structure following strikes by the US and Israel on 
senior regime figures. The military campaign has been running for five and a 
half to six weeks, he said. Iran&#8217;s Bitcoin Gambit Even as its assets are being 
seized abroad, Iran has been exploring ways to use cryptocurrency to generate 
new income. Reports say the country has been weighing a platform called Hormuz 
Safe, which would sell digital marine insurance paid in Bitcoin to ships 
passing through the Strait of Hormuz. Related Reading: Bitcoin Could Enter 
Freefall If This Level Cracks: Analyst According to a state document cited by 
Fars News Agency, an outlet affiliated with the Islamic Revolutionary Guard 
Corps, the scheme could bring in over $10 billion. Whether that plan gains 
traction remains unclear. What is clear is that Iran is losing ground fast — 
its cash pipelines cut, its digital wallets emptied, and its leadership 
scrambling to find new ways to keep money flowing in. Featured image from 
Unsplash, chart from TradingView

Some Iranian crypto wallet owners may not even know yet that their money is gone. Treasury Secretary Scott Bessent disclosed Friday that the US has quietly seized roughly $1 billion in digital assets tied to Iran, a figure that has nearly tripled from earlier estimates released just weeks ago. Related Reading: Unknown Wallet Destroys $8.5 &#8230;

Nearly $1 Billion In Iranian Crypto Falls Into US Hands

Rising tensions in the Strait of Hormuz could destabilize global oil markets, 
undermining diplomatic efforts and impacting global economies.
The post Iran&#8217;s army downs Israeli Orbiter drone over southern Iran amid 
ceasefire talks appeared first on Crypto Briefing.

Rising tensions in the Strait of Hormuz could destabilize global oil markets, undermining diplomatic efforts and impacting global economies. The post Iran&#8217;s army downs Israeli Orbiter drone over southern Iran amid ceasefire talks appeared first on Crypto Briefing.

Iran’s army downs Israeli Orbiter drone over southern Iran amid ceasefire talks

HYPE climbed to a fresh all-time high near $67 on May 29, capping a week in 
which U.S. regulators cleared the first domestic perpetual futures contract 
and Grayscale branded Hyperliquid a breakout success. A Record Built on 
Regulatory Relief HYPE, the native token of the decentralized exchange 
Hyperliquid, touched roughly $67.24 during Friday trading, extending […]

HYPE climbed to a fresh all-time high near $67 on May 29, capping a week in which U.S. regulators cleared the first domestic perpetual futures contract and Grayscale branded Hyperliquid a breakout success. A Record Built on Regulatory Relief HYPE, the native token of the decentralized exchange Hyperliquid, touched roughly $67.24 during Friday trading, extending &#8230;

Hyperliquid Hits Record $67 as CFTC Cracks Open the US Perpetuals Market

Bitcoin briefly recovered the $74,000 zone on May 29, absorbing a geopolitical 
signal that oil futures, ETF desks, and US equity traders won&#8217;t fully process 
until Monday. President Donald Trump said he would make a &#8220;final 
determination&#8221; on an Iran deal that would require the Strait of Hormuz to 
reopen for unrestricted traffic, with mines […]
The post How Bitcoin will price Trump’s claim that Hormuz could reopen this 
weekend appeared first on CryptoSlate.

Bitcoin briefly recovered the $74,000 zone on May 29, absorbing a geopolitical signal that oil futures, ETF desks, and US equity traders won&#8217;t fully process until Monday. President Donald Trump said he would make a &#8220;final determination&#8221; on an Iran deal that would require the Strait of Hormuz to reopen for unrestricted traffic, with mines &#8230;

How Bitcoin will price Trump’s claim that Hormuz could reopen this weekend

The US&#8217;s firm stance on the Strait of Hormuz may prolong geopolitical 
tensions, impacting global oil trade and diplomatic relations.
The post US maintains hardline stance on Strait of Hormuz amid Iran tensions 
appeared first on Crypto Briefing.

The US&#8217;s firm stance on the Strait of Hormuz may prolong geopolitical tensions, impacting global oil trade and diplomatic relations. The post US maintains hardline stance on Strait of Hormuz amid Iran tensions appeared first on Crypto Briefing.

US maintains hardline stance on Strait of Hormuz amid Iran tensions

Spot Bitcoin ETFs logged a record 10-day outflow streak totaling nearly $3 
billion, while Ether ETFs bled for 14 consecutive sessions.

Spot Bitcoin ETFs logged a record 10-day outflow streak totaling nearly $3 billion, while Ether ETFs bled for 14 consecutive sessions.

Nearly $1 Billion In Iranian Crypto Falls Into US Hands

Comments