US Treasury sanctions Iranian crypto exchange BitBank

The US Treasury's OFAC sanctioned Iranian crypto exchange BitBank for sending hundreds of millions of dollars to the IRGC and helping Iran operate a Strait of Hormuz toll booth. Iran charged tankers $1 to $2 million per transit this year.

• US sanctions Iranian crypto exchange BitBank
• Hundreds of millions of dollars went to IRGC
• Iran charged tankers $1–2 million per Hormuz transit