South Korean crypto exchange Bithumb has restricted deposit and withdrawal services involving Shelbit, Aban Tether, and Crypto Home DMCC. The three companies were previously placed on the U.S. Treasury Department's OFAC sanctions list for supporting terrorist organizations, including Iran's Islamic Revolutionary Guard Corps, or engaging in money laundering.
South Korean crypto exchange Bithumb has moved to restrict cryptocurrency deposit and withdrawal services involving Shelbit, Aban Tether, and Crypto Home DMCC.
The move follows the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) placing the three companies on its sanctions list. The designations were tied to their support for terrorist organizations, including Iran's Islamic Revolutionary Guard Corps, or involvement in money laundering.
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