US Treasury Secretary Scott Bessent said on Friday that the United States has seized around $1 billion worth of Iranian cryptocurrency holdings and is working with European allies on additional asset seizures linked to Tehran, The Caspian Post reports, citing Anadolu.

“I believe that we have seized about a billion dollars of their crypto,” Bessent said, adding that the US “just outright grab the wallets.”

He further claimed that some account holders may still be unaware that their assets had been taken. “Some of them may be like typing in right now, and realize they might not realize that their wallet had been grabbed,” he said.

Bessent also stated that the United States is coordinating with European partners on broader efforts to seize Iranian-linked assets abroad, including real estate.

“We are working with our allies all over Europe to grab villas and houses and properties,” he said, describing the effort as part of recovering funds he claimed were taken from ordinary Iranians.

“This is money that's stolen from the Iranian people,” he added.

The Treasury chief also asserted that Iran’s oil export facility at Kharg Island has been effectively shut down, attributing the situation to a US naval blockade.

He further said that Iran’s recent attacks on Gulf states had backfired diplomatically. According to him, Gulf allies have since become “very good partners” in financial enforcement efforts against Iran, which he said has enabled the United States to freeze Iranian bank accounts in the region.