CoinScoopUS sanctions Iranian crypto platform BitBank over links to IRGC
The U.S. Treasury Department has sanctioned the Iranian crypto platform BitBank for allegedly facilitating the transfer of hundreds of millions of dollars in Bitcoin to the Islamic Revolutionary Guard Corps (IRGC). The platform is reportedly linked to Babak Zanjani and is accused of processing payments for the Iranian maritime insurance platform Hormuz Safe to bypass sanctions.
Summaries are written by AI from the original article. Not investment advice.