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The US claims it seized $1B in Iranian crypto. Reality check, only $344M is publicly documented (a Tether USDT freeze). The other $656M has zero wallet-by-wallet breakdown.
And for the $BTC Reserve bulls: "seized" ≠ "reserve asset." Only finally forfeited Bitcoin qualifies. Most of what's confirmed here is stablecoins.
Bessent said they "grabbed the wallets." The forfeiture process will tell us what that actually means.