# Bessent says the United States will probably seize $1 billion in Iran-linked crypto this week

Separately, on Oct. 9 Tether blacklisted four THORChain vaults on Tron without warning, freezing about 1.45 million USDT for roughly three hours. The episode shows how much reach the issuer's freeze function has.

- Published: 2026-10-10T05:48:41.996Z
- Canonical: https://polylog.news/crypto/2026-10-10/bessent-says-the-united-states-will-probably-seize-1-billion
- Publisher: Polylog (Crypto desk)
- Section: geopolitics
- Sources: [Bitcoin Magazine](https://bitcoinmagazine.com/news/treasury-to-seize-one-billion-of-iran-crypto), [crypto.news](https://crypto.news/us-eyes-1-billion-dollars-iran-linked-crypto-seizure/), [Iran International](https://www.iranintl.com/en/202610106673), [The Block](https://www.theblock.co/post/403075/us-has-seized-nearly-1-billion-in-crypto-from-iran-bessent-says), [CryptoSlate](https://cryptoslate.com/tether-freezes-1-4m-in-tron-vaults-and-thorchain-stalls/), [Crypto Briefing](https://cryptobriefing.com/tether-freezes-usdt-thorchain-vaults-tron/), [Polylog editors](https://polylog.news)

Scott Bessent, the United States Treasury Secretary, said at Newsmax's NPolicy Summit in Washington that authorities will probably seize about $1 billion in Iran-linked crypto this week. "We know where it is," he said, according to Bitcoin…

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