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Lebanese Forces
Washington sanctions Iranian crypto platform
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The U.S. Treasury Department imposed sanctions on the Iranian cryptocurrency platform "Bit Bank," accusing it of transferring hundreds of millions of dollars worth of Bitcoin to the Iranian Revolutionary Guard and circumventing sanctions. The platform, linked to Iranian financier Babak Zanjani, was used between June and July 2026 to transfer funds to Iranian military forces, with the developed company "Pishtaz Simergh" involved in a money laundering network benefiting the Revolutionary Guard. The sanctions include asset freezes and bans on dealings with the targeted individuals and entities, as part of the Trump administration's efforts to cut off Iran’s funding channels and impose sanctions on sanctions evasion networks.
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