Treasury announces crypto seizures

US Treasury Secretary Scott Bessent said Friday that Washington has seized approximately $1 billion in Iranian cryptocurrency holdings, stating that the Treasury Department “just outright grab the wallets” of sanctioned entities. Bessent noted that some account holders may still be unaware of the confiscations, suggesting that users might be attempting to access funds that are no longer available.

European asset recovery

The Treasury chief said Washington is coordinating with European allies to seize Iranian-linked properties abroad, including villas and houses. He framed the campaign as an effort to recover funds stolen from the Iranian people, claiming the assets rightfully belong to ordinary…