U.S. Plans to Seize Iran-Linked Crypto Assets
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AI-assisted source synthesis · not an independent investigation.
On October 9, 2026, U.S. Treasury Secretary Scott Bessent said that the U.S. government knows where approximately $1 billion in Iran-linked crypto assets are held and may take action within a week. The report did not disclose specific details about the relevant wallets or legal proceedings, nor did it state whether the action had already begun. Tether said it has assisted the United States in freezing approximately $550 million in USDT this year. In addition, the U.S. Financial Crimes Enforcement Network (FinCEN) proposed revoking Banque Misr UAE's eligibility to provide correspondent banking services to U.S. financial institutions.
AI-written from reports · updated 10 days ago
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- CryptopolitanScott Bessent says US may seize around $1 billion in Iran-linked crypto assets within a week
US Treasury Secretary Scott Bessent said the US government knows where around $1 billion in Iran-linked crypto assets are held and may take action within a week. The wallets involved, legal proceedings, and whether the action has already begun have not been disclosed. Tether said it has helped the US freeze around $550 million in USDT this year, while FinCEN separately proposed revoking Banque Misr UAE’s access to correspondent banking services with US financial institutions.