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🔥 Trending event · 9 sources

US sanctions Iranian crypto exchange BitBank over alleged IRGC transfers

First reported September 17, 2026 by The Block · covered by 9 sources

In short

The US Treasury sanctioned Iranian crypto exchange BitBank and its software developer over alleged sanctions-evasion activity. Treasury alleged that BitBank processed Bitcoin payments linked to the Hormuz Safe platform and moved hundreds of millions of dollars in Bitcoin to Iran’s Islamic Revolutionary Guard Corps. The sanctions also targeted three associates of Iranian financier Babak Zanjani.

BitcoinIslamic Revolutionary Guard CorpsIranUnited StatesOffice of Foreign Assets ControlUS Treasury

Written by our news service from the 9 sources below, updated September 23, 2026.

Timeline
  1. Sep 17, 20:05 UTC · The Block
    US sanctions Iranian crypto exchange BitBank over alleged bitcoin transfers to IRGC ↗
  2. Sep 17, 21:48 UTC · Bitcoin Magazine
    Treasury Sanctions Iranian Crypto Exchange BitBank Over Bitcoin Transfers to IRGC ↗
  3. Sep 18, 03:36 UTC · Crypto.news
    BitBank faces U.S. sanctions over alleged IRGC Bitcoin transfers ↗
  4. Sep 18, 07:41 UTC · BeInCrypto
    Can Iran Still Fund the IRGC With Crypto? Treasury Just Sanctioned Another Exchange ↗
  5. Sep 18, 09:01 UTC · Decrypt
    Treasury Sanctions Crypto Exchange Behind Iran's Bitcoin Tolls on Hormuz Ships ↗
  6. Sep 18, 16:40 UTC · CryptoSlate
    US sanctions Iranian crypto exchange and its software developer over alleged IRGC Bitcoin transfers ↗
Tone of coverage

How the 5 sources covering this story frame each entity. One source, one vote.

Islamic Revolutionary Guard Corps0 · 5 · 0
  • neutralThe Block — “over alleged bitcoin transfers to IRGC” ↗
  • neutralCrypto.news — “U.S. Treasury sanctioned Iranian exchange BitBank, alleging it moved hundreds of millions in Bitcoin to the IRGC” ↗
  • neutralBitcoin Magazine — “Bitcoin Transfers to IRGC” ↗
  • neutralCryptoSlate — “over alleged IRGC Bitcoin transfers” ↗
  • neutralBeInCrypto — “The platform was used to move hundreds of millions of dollars in Bitcoin (BTC) to the Islamic Revolutionary Guard Corps (IRGC), the department alleges.” ↗

Labels are assigned per article by our news service with ≥ 60% confidence and a supporting quote. How it works.

All coverage
Treasury Sanctions Iranian Crypto Exchange BitBank Over Bitcoin Transfers to IRGC

Treasury Sanctions Iranian Crypto Exchange BitBank Over Bitcoin Transfers to IRGC

Bitcoin Magazine Treasury Sanctions Iranian Crypto Exchange BitBank Over Bitcoin Transfers to IRGC The U.S. is targeting Iran's use of crypto — specifically bitcoin. This post Treasury Sanctions Iranian Crypto Exchange BitBank Over Bitcoin Transfers to IRGC first appeared on Bitcoin Magazine and is written by Mathew Di Salvo .

Islamic Revolutionary Guard Corpsneutral
BitcoinIranIslamic Revolutionary Guard Corps
Sep 17, 2026 · byBitcoin Magazine
Can Iran Still Fund the IRGC With Crypto? Treasury Just Sanctioned Another Exchange

Can Iran Still Fund the IRGC With Crypto? Treasury Just Sanctioned Another Exchange

The US Treasury sanctioned crypto exchange BitBank on Thursday. The platform was used to move hundreds of millions of dollars in Bitcoin (BTC) to the Islamic Revolutionary Guard Corps (IRGC), the department alleges. The Office of Foreign Assets Control (OFAC) also designated BitBank’s software developer and three associates of Babak Zanjani. The Iranian financier already The post Can Iran Still Fund the IRGC With Crypto? Treasury Just Sanctioned Another Exchange appeared first on BeInCrypto .

Islamic Revolutionary Guard Corpsneutral
BitcoinIslamic Revolutionary Guard CorpsOffice of Foreign Assets Control
Sep 18, 2026 · byBeInCrypto
US Blacklists Bitbank Over Hundreds of Millions in Bitcoin Transfers

US Blacklists Bitbank Over Hundreds of Millions in Bitcoin Transfers

The United States blacklisted Iranian crypto exchange Bitbank and its software developer over alleged sanctions-evasion activity. Treasury says financier Babak Zanjani used the platform to move hundreds of millions of dollars in bitcoin to the Islamic Revolutionary Guard Corps (IRGC), an elite branch of Iran’s armed forces. Treasury Blocks Bitbank and Its Developer Companies handling […]

BitcoinIranIslamic Revolutionary Guard Corps
Sep 21, 2026 · byBitcoin.com News