Operation Economic Fury has seized nearly $1 billion in Iran-linked crypto wallets. Treasury Secretary Bessent says some owners are 'typing in right now and not have realized their wallet had been grabbed.'
In 30 days, Tether silently blacklisted 371 wallets and froze $515 million in USDT across Tron and Ethereum — no court order required. That's 40% of everything they froze in all of 2025, done in a single month. Here's how the kill switch works, who's using it, and what it means for crypto.
Tether is bailing out Drift Protocol with $148M after North Korea's $285M heist — but the real play is quietly replacing Circle's USDC as Solana DeFi's settlement currency.