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Ships Paid Bitcoin to Pass Through Hormuz. Now the US Has Sanctioned the Exchange Behind It.

By Trader Edge at 2026-09-18 03:07

Sentiment: Positive

TLDR The US Treasury sanctioned Iranian crypto exchange BitBank for allegedly moving hundreds of millions in Bitcoin to the IRGC BitBank was used by the Hormuz Safe platform to transfer payments from ships transiting the Strait of Hormuz Iranian financier Babak Zanjani and three associates were also designated by OFAC BitBank’s software developer, Pishtaz Simorgh [...] The post Ships Paid Bitcoin to Pass Through Hormuz. Now the US Has Sanctioned the Exchange Behind It. appeared first on CoinCentral. Continue reading...

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