scotty

Scott Bessent claims the U.S. seized $1 billion in crypto linked to Iran

The U.S. Treasury confirmed on Friday the seizure of approximately $1 billion in crypto tied to Iranian entities, with some holders still unaware that their wallets are empty. Scott Bessent’s announcement comes at a particular time: both countries may be close to a peace deal that could ease tensions around the Strait of Hormuz.

In summary

Scott Bessent stated on Friday that the United States had seized around $1 billion in crypto associated with Iranian military entities.

The Islamic Revolutionary Guard Corps reportedly promoted a maritime insurance platform paid in bitcoin, called Hormuz Safe.

Individuals connected to Iran have been using Tether's USDT to transfer funds, according to Israeli authorities.

The U.S. Treasury recovers $1 billion in crypto linked to Iran

Scott Bessent chose the Reagan National Economic Forum 2026, in Simi Valley, California, to drop this info. In front of Larry Kudlow from Fox Business, he detailed the method:

However, the Treasury Secretary did not specify the exact dates of the operations or the cryptos involved. He also did not establish a link to the Hormuz Safe system, that bitcoin maritime insurance platform that the Fars agency, close to the Iranian government, presented this month as a workaround for evading Western sanctions.

To understand the context, it’s important to remember that the Strait of Hormuz remains at the center of tensions: nearly 20% of the world’s oil passes through there, and since the conflict began in February, Iran has considerable leverage.

$SCRT
$EUR
$BERA
#Scotty