US Treasury Secretary Scott Bessent said the United States would "probably" seize about $1 billion in cryptocurrency this week as part of its crackdown on Iran. Cointelegraph published the report on Oct 9, 2026.
The Treasury Department has already announced several seizures of digital assets tied to US sanctions on Iran. Bessent's remark gives the effort a size: roughly $1 billion.
The report leaves several questions open. It does not say which coins or tokens are involved, which wallets or platforms hold them, or who controls the funds. It also does not say whether any part of the $1 billion has already been seized, and Bessent himself said "probably", not "will".
If you already hold a perpetual position on Bitget, Bybit, MEXC or OKX, the report gives no direct reason to expect changes to funding, fees or liquidity. None of these four exchanges is named, and nothing in the report touches their contract terms or fee schedules. Based on what is known so far, the effect on an open position is nothing directly.
Source: cointelegraph — US plans to seize $1B in crypto linked to Iran this week: Scott Bessent