US sanctions an Iranian crypto exchange it says processed Hormuz transit payments to Iran's new strait authority
Confirmedon an admission by the acting party plus an independent origin: 1 distinct origin, 1 tied to no party.
The US Treasury designated the exchange BitBank, its software developer and three associates of financier Babak Zanjani, saying the exchange sent hundreds of millions of dollars to the IRGC and handled fees paid to Iran's new Hormuz authority for ship transits, Reuters reported. Treasury called it a key part of Iran's digital sanctions-evasion network.
- When
- 17 September 2026
- Where
- Iran, Iran
- What
- sanction
- Acting party
- Government of the United States
- Against
- Government of Iran
- Attribution
- Acknowledged by the acting party. US Treasury announced the designations.
- In the record
- Published 2026-10-27 21:03 UTC · revision 1 · backfilled
Sources
- Evidence Times of Israel
History
| When | Field | From | To | Why |
|---|---|---|---|---|
| 2026-10-27 21:03 UTC | status | null | confirmed | P1 backfilled: researched from cited sources and graded by the one rule |
Cite or reuse
The War Record, "US sanctions an Iranian crypto exchange it says processed Hormuz transit payments to Iran's new strait authority", ev-20261027-0r1y, revision 1, https://thewarrecord.com/events/ev-20261027-0r1y/