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Treasury Sanctions Crypto Exchange Behind Iran's Bitcoin Tolls on Hormuz Ships

OFAC says hundreds of millions of dollars in Bitcoin moved through BitBank to the Revolutionary Guards in two months.

Decrypt 4 newsrooms Fri, 18 Sep 2026 09:01
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Also reported by 3 other newsrooms

CoinDeskIran’s Strait of Hormuz toll booth ran through a bitcoin exchange, U.S. saysCointelegraphUS sanctions Iran’s BitBank, saying it processes ‘Hormuz Safe’ Bitcoin paymentsThe BlockUS sanctions Iranian crypto exchange BitBank over alleged bitcoin transfers to IRGC