Key Takeaways OFAC designated Bitbank, its developer, and three Zanjani associates. Treasury alleges Zanjani used Bitbank to move hundreds of millions in bitcoin to the IRGC. U.S. persons generally cannot transact with the newly blocked parties. Treasury Blocks Bitbank and Its Developer Companies handling Iranian cryptocurrency flows face wider U.S. sanctions exposure after the Treasury Department targeted another exchange in financier Babak Zanjani’s network. The Sept. 17 designation of Bitbank also covers Pishtaz Simorgh Electronic Trade Company, which developed the exchange’s software and is a subsidiary of the previously designated Dot One Value Creation Group. OFAC also sanctioned three Zanjani …
Bitcoin
Crypto
X has sued two named defendants and unidentified account operators in England, alleging a coordinated network manipulated engagement across Bitcoin-focused accounts and obtained at least …
Two engineers allegedly turned confidential Robinhood crypto listing plans into profitable Hyperliquid trades, according to newly unsealed complaints. Two Robinhood engineers have been charged …
