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US Treasury Secretary Scott Bessent announced that approximately $1 billion worth of Iranian crypto assets have been seized.
According to Bloomberg, Bessent stated that US authorities seized approximately $1 billion worth of digital assets as part of sanctions and inspection activities targeting Iranian-linked crypto assets.
Bessent did not provide details on which cryptocurrencies were involved in the seizure or when the confiscation took place.
More details coming soon…
*This is not investment advice.