US Intensifies Operation Economic Fury Targeting Iran’s $7.7 Billion Crypto Network
BeInCrypto
The US Treasury is intensifying Operation Economic Fury, targeting Iran’s estimated $7.7 billion cryptocurrency network to disrupt illicit regime funding.Summary
The US Treasury Department is escalating its efforts under "Operation Economic Fury" to dismantle Iran's $7.7 billion cryptocurrency network. Treasury Secretary Scott Bessent confirmed that significant assets have already been seized, including a $344 million USDT freeze, as part of a strategy to cripple the IRGC and shadow banking systems. By leveraging the transparency of blockchain technology, US authorities are tracking illicit flows to intercept funds used by the regime for geopolitical operations and maritime insurance schemes.
(Source：BeInCrypto)