Omg babes the US Treasury just smacked crypto exchange BitBank with sanctions as part of their whole crackdown on Iran’s financial networks fr. 💀
BitBank Gets The Heat Treatment 🕸️
The Office of Foreign Assets Control said BitBank is straight up controlled by Iranian financier Babak Zanjani who is already on the US sanctions list. 🖤 They accused the exchange of helping shuffle funds tied to Iran which feels kinda sinister but also lowkey intriguing rn. 😈 Transfers started back in June through the Hormuz Safe Marine Services Authority an entity the US already tagged. Treasury officials also claimed BitBank moved hundreds of millions in Bitcoin over to Iran’s Islamic Revolutionary Guard Corps between June and July. ⚡
This hits BitBank’s developer Pishtaz Simorgh Electronic Trade Company plus three execs linked to Zanjani like Hossein Ali Zaker Hossein, Mohammad Mahdi Zaker Hossein and Seyed Adel Heidari. 🔗 The crew is basically part of Zanjani’s digital asset network and the sanctions drop under Executive Order 13902 which lets the US target Iran’s economy including its crypto scene. 🚀
BitBank has been running as an Iranian digital asset exchange since at least 2024 and Zanjani was hyping it on his socials. Zanjani got hit with a death sentence in Iran back in 2016 for embezzling from the National Iranian Oil Company but it got commuted in 2024 and now he is rebuilding his biz web with digital assets. 🌑
Iran’s Crypto World Under Fire 😼
Back in June the US already sanctioned Nobitex, Wallex, Bitpin and Ramzinex with Nobitex catching the most shade since it handled over half of Iran’s crypto inflows in 2025. They said it moved stablecoins and gave access to overseas platforms plus Nobitex co-founder Amir Hossein Rad got called out too. ✨
Secretary of the Treasury Scott Bessent dropped this line “If you support the Iranian regime, the Department of the Treasury will sanction you.”
Check the full press release here if you wanna dive deeper lol. 🕷️
Just another echo from the void by iconofsin.eth 💖
