OFAC sanctions BitBank and Iranian backers over alleged digital-asset sanctions evasion

The U.S. Treasury's Office of Foreign Assets Control has sanctioned BitBank and its Iranian backers for allegedly helping Tehran evade sanctions through digital assets.
The action demonstrates the increasing use of blockchain-related sanctions enforcement against entities accused of facilitating restricted financial activity.
The designation raises compliance and counterparty risks for crypto platforms interacting with sanctioned entities or associated wallet infrastructure.