Bitcoin
US Blacklists Bitbank Over Hundreds of Millions in Bitcoin Transfers
Bitcoin.com News·September 21, 2026·1 min read
The US Treasury blacklisted Iranian crypto exchange Bitbank and its software developer for alleged sanctions evasion. Financier Babak Zanjani reportedly 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.
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