ALBAWABA - In an operation dubbed “Economic Fury”, the United States seizes $1 billion worth of Iranian cryptocurrency, according to Treasury Secretary Scott Bessent.
Speaking in a Fox Business interview, the Secretary bragged that they had "grabbed the wallets" of the Iranians, noting that the effort was under an operation called "Economic Fury" modelled after the U.S.' "Epic Fury" operation, better known as the war on Iran.
Moreover, the operation included other moves against Iran, such as cracking down on "Tehran's global shadow banking networks; designated networks supplying weapons and other military components to Iran," according to the Secretary.
Iranian cryptocurrency. (Shutterstock)
Adding that the administration’s pressure campaign worsened economic conditions in Iran, with inflation exceeding 200 percent in the country, with police officers and military personnel not getting their paychecks and failing to report for duty.
Finally, the Secretary said that the US and their partners are also targeting overseas real estate and other assets that he described as “proceeds diverted from the Iranian people”.
He stated also that before the war, Iran had moved hundreds of millions of dollars each month, with the US’s efforts putting a stop to all that.
