U.S. pressure on Iran’s crypto rails is rising fast, but the claim that BitBank itself was sanctioned remains unverified without a Treasury or OFAC notice. The bigger message: exchanges touching Iran-linked flows are in the crosshairs, and sloppy compliance can get ugly.
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Claims that the U.S. Treasury sanctioned an Iranian “BitBank” over bitcoin transfers to the IRGC are still unverified. With no official notice, wallet data, or clear entity ID, the headline is serious — but the evidence hasn’t caught up yet.
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The U.S. Treasury is widening its squeeze on Iran’s sanctions-busting machine, targeting not just crypto-linked money movement but the procurement network that keeps military-linked supply chains humming, according to U.S. Treasury extends Irans crypto finance crackdown to procurement networks. Nine individuals and entities sanctioned China and Hong Kong intermediaries targeted IRGC and defense-linked procurement networks […]
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Khamenei-linked Crypto Cartels Accused of Causing Power Outages in Iran Iran faces a dire energy crisis as crypto cartels, allegedly linked to Supreme Leader Ali Khamenei, drain the country’s resources for Bitcoin profits. These operations, involving the Islamic Revolutionary Guard Corps (IRGC), a powerful branch of the Iranian military, have left hospitals and factories in […]
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Iranian Intelligence Officials Accused of $21 Million Crypto Theft in Cryptoland Scandal Revolutionary Guard’s intelligence officials have been implicated in a staggering $21 million cryptocurrency theft, spotlighting deep-seated corruption within Iran’s intelligence community. The scandal unfolded during an investigation into Sina Estavi, the CEO of the now-defunct Cryptoland exchange, arrested in May 2021. This case […]
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