Treasury hits Iran-linked BitBank as sanctions target

📌 Treasury hits Iran-linked BitBank as sanctions target crypto rails – The U. S. Treasury imposed sanctions on September 17 against BitBank, the cryptocurrency exchange, which they say is owned by Babak Zanjani, who is also under U. S. sanctions. The Treasury states that between June and July, Zanjani used BitBank to send hundreds of millions of dollars in Bitcoin

U.S. Treasury on Sept. 17, 2026 sanctioned exchange BitBank, alleging ownership by U.S.-sanctioned Babak Zanjani. Treasury says Zanjani used BitBank in June–July to move hundreds of millions in Bitcoin, targeting the exchange’s crypto rails and barring U.S. persons from dealings. Bitcoin