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Treasury Sanctions Crypto Exchange Behind Iran's Bitcoin Tolls on Hormuz Ships

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Decrypt
Treasury Sanctions Crypto Exchange Behind Iran's Bitcoin Tolls on Hormuz ShipsWorldPing
Image via Decrypt.

What happened

OFAC says hundreds of millions of dollars in Bitcoin moved through BitBank to the Revolutionary Guards in two months.

Key facts

  • OFAC says hundreds of millions of dollars in Bitcoin moved through BitBank to the Revolutionary Guards in two months.
  • Reported by Decrypt and published Fri, 18 Sep 2026 09:01:55 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. US sanctions Iran’s BitBank, saying it processes ‘Hormuz Safe’ Bitcoin payments

  2. Iran’s Strait of Hormuz toll booth ran through a bitcoin exchange, U.S. says

  3. Treasury Sanctions Crypto Exchange Behind Iran's Bitcoin Tolls on Hormuz Ships

  4. Kevin O’Leary is buying crypto again, says major stock exchange adoption is the ‘watershed moment’ to watch

  5. CFTC files crypto asset rulemaking with White House, pressing ahead without Congress

  6. Here’s what happened in crypto today

Sources

The original report was published by Decrypt. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Decrypt

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