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RWA Watch · Fact checked

US Sanctions Iranian Crypto Exchange BitBank Over Alleged Bitcoin Transfers to IRGC

TL;DR: The Office of Foreign Assets Control (OFAC) sanctioned the BitBank exchange platform on September 17, 2026. The U.S. Department of the Treasury linked the exchange’s infrastructure to financier Babak Zanjani and t

By Shared News Radar · Published Sep 18, 2026, 12:28 AM UTC · Updated 2026-09-18 · Risk level: medium
Sources checked: Sep 18, 2026, 5:50 AM UTC

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US Sanctions Iranian Crypto Exchange BitBank Over Alleged Bitcoin Transfers to IRGC

What happened

TL;DR: The Office of Foreign Assets Control (OFAC) sanctioned the BitBank exchange platform on September 17, 2026. The U.S. Department of the Treasury linked the exchange’s infrastructure to financier Babak Zanjani and the transfer of hundreds of millions of dollars in Bitcoin to the Islamic Revolutionary Guard Corps (IRGC). Punitive measures included software development firm … Read more

Reported details

  • U.S. Treasury sanctioned Iranian exchange BitBank, alleging it moved hundreds of millions in Bitcoin to the IRGC through a Zanjani-linked network.

What the sources establish

The identified reports describe the same recent event. This brief preserves the source links and verification time so readers can inspect the original reporting.

Why it matters for RWA markets

The material question is how the event affects institutional participation, tokenization infrastructure, issuer economics, market access, or regulatory positioning. The report does not turn that relevance into an endorsement.

Evidence boundary

Terms, figures, counterparties, and consequences not stated in the linked reports are not inferred. Material updates require a dated revision and an additional source check.

What to watch next

  • Official company statements, filings, and transaction documents.
  • Details on custody, settlement, eligibility, and tokenization scope.
  • Regulatory disclosures or corrections to the reported figures.

Sources and editorial check time

This information is educational and is not financial or legal advice.

Sources