enforcement · sanctions · Iran · Bitcoin · BitBank
U.S. Sanctions Iran-Linked Bitcoin Exchange BitBank
The Treasury sanctioned Tehran-based BitBank, alleging it moved hundreds of millions of dollars in bitcoin to the IRGC and processed payments tied to ship passage through the Strait of Hormuz.
The designation places the exchange inside a broader U.S. sanctions action focused on alleged financial support for Iran's Islamic Revolutionary Guard Corps.
What the designation establishes
The action establishes the U.S. government's sanctions position and the restrictions that follow from it. The conduct described remains an allegation by U.S. authorities, not an independent Blue Rogues finding.
The published designation did not include wallet addresses. That prevents public on-chain attribution from being independently reproduced from the notice alone.
Why the evidence boundary matters
Sanctions can affect counterparties, liquidity access and compliance decisions even when the public blockchain evidence is incomplete. Analysts should separate the legal designation from any unsupported claim that a particular wallet belongs to the sanctioned entity.
Sources and disclosures
Source: CoinDesk reporting on the U.S. Treasury action. All conduct allegations are attributed to the U.S. government.
Update note
Observed September 18, 2026 at approximately 13:50 BRT.