U.S. Treasury Secretary Scott Bessent stated at Newsmax's NPolicy Summit on October 8, 2026 that federal authorities have identified the specific locations of the targeted $1 billion in Iranian-linked cryptocurrency assets

From the articleBessent says US could seize $1 billion in Iran crypto this week - CryptopolitanAlso in US targets $1 billion Iran-linked crypto seizure, Bessent says 'we know where it is', U.S. Plans to Seize Another $1B in Iran-Linked Crypto, Bessent