The U.S. Treasury sanctioned Iranian crypto exchange BitBank, its software developer Pishtaz Simorgh Electronic Trade Company, and three associates linked to financier Babak Zanjani. Treasury alleges that Zanjani’s network used BitBank between June and July to transfer hundreds of millions of dollars in Bitcoin to Iran’s Islamic Revolutionary Guard Corps. It also says Hormuz Safe Marine Services Authority used the exchange to route maritime payments to the Iranian government.
The designations place the companies and individuals on the OFAC sanctions list, requiring U.S. persons to block their property and potentially exposing foreign counterparties to secondary sanctions. The allegations remain administrative sanctions claims, not criminal convictions. Treasury has published no wallet addresses, transaction hashes, precise breakdown, or independent on-chain evidence confirming the stated total.
https://crypto.news/bitbank-faces-u-s-sanctions/
oxhak / Ox HaK
npub1sx…dz7z7
2026-09-18 04:35:29 UTC
Author Public Key
npub1sxexewvzysc3affq4yzzh7w8e3udyujap2vlj7t6lkdg5dvhp24q4dz7z7Seen on
wss://relay.damus.ioPublished at
2026-09-18 04:35:29 UTCEvent JSON
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"content": "The U.S. Treasury sanctioned Iranian crypto exchange BitBank, its software developer Pishtaz Simorgh Electronic Trade Company, and three associates linked to financier Babak Zanjani. Treasury alleges that Zanjani’s network used BitBank between June and July to transfer hundreds of millions of dollars in Bitcoin to Iran’s Islamic Revolutionary Guard Corps. It also says Hormuz Safe Marine Services Authority used the exchange to route maritime payments to the Iranian government.\n\nThe designations place the companies and individuals on the OFAC sanctions list, requiring U.S. persons to block their property and potentially exposing foreign counterparties to secondary sanctions. The allegations remain administrative sanctions claims, not criminal convictions. Treasury has published no wallet addresses, transaction hashes, precise breakdown, or independent on-chain evidence confirming the stated total.\n\nhttps://crypto.news/bitbank-faces-u-s-sanctions/",
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}