The U.S. Treasury is warning that payments routed to Iran — including through crypto — can trigger sanctions enforcement, while fresh reporting puts Nobitex, Iran’s largest crypto exchange, under heavier scrutiny for alleged ties to state-linked entities. OFAC says Iran-related payments can violate sanctions, even when routed through digital assets Nobitex is facing renewed scrutiny […]
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The U.S. says it has seized and frozen nearly $500 million in Iranian crypto-linked assets as part of a wider sanctions push that is hammering Tehran’s banks, oil trade, and shadow financial network. Nearly $500 million in Iranian crypto assets reportedly seized Operation Economic Fury targets crypto, banks, property, oil, and shipping Scott Bessent: “We […]
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Washington has frozen about $344 million in crypto tied to Iranian-linked wallets, a sharp reminder that centralized stablecoins are not a magical escape hatch from sanctions. The move, which followed Tether’s own freeze of the same funds, hits wallets reportedly connected to the Islamic Revolutionary Guard Corps (IRGC) and Hizballah. $344 million frozen in Iran-linked […]
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OFAC Sanctions Crypto Addresses Linked to Russia’s Garantex to Disrupt Houthi Financing The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has imposed sanctions on eight cryptocurrency addresses linked to Russia’s Garantex exchange, aiming to disrupt the Houthi movement’s financial operations. These addresses facilitated nearly $1 billion in illegal money transfers, with over $45 […]
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U.S. Texas Court Revokes Sanctions on Tornado Cash Amid Legal Battle – Sanctions on Tornado Cash reversed – TORN token surges over 180% – OFAC accused Tornado Cash of laundering funds for Lazarus Group – Fifth Circuit Court rules OFAC overstepped authority – Alexey Pertsev remains in custody on money laundering charges Can privacy tools […]
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