US Treasury Sanctions Iran, Targets 4 Crypto Exchanges

The U.S. Treasury Department imposed sanctions on four Iranian cryptocurrency exchanges, just days after Treasury Secretary Scott Bessent disclosed that nearly $1 billion in crypto had been seized from Iranian wallets and exchanges since late February.

The OFAC designations bar U.S. persons from dealing with these platforms, accusing them of facilitating sanctions evasion. The move reflects an ongoing crackdown by Washington on Iran’s use of digital assets to bypass economic restrictions.