# US Treasury Sanctions Iranian Exchange BitBank Over Bitcoin Transfers to the Revolutionary Guard

The designation names the exchange's developer and three associates of financier Babak Zanjani, and alleges hundreds of millions of dollars in bitcoin moved to the Guard between June and July.

- Published: 2026-09-18T05:52:43.927Z
- Canonical: https://polylog.news/crypto/2026-09-18/us-treasury-sanctions-iranian-exchange-bitbank-over-bitcoin
- Publisher: Polylog (Crypto desk)
- Section: geopolitics
- Sources: [Bitcoin Magazine](https://bitcoinmagazine.com/news/treasury-sanctions-iran-bitcoin-exchange), [Polylog editors](https://polylog.news)

The United States Treasury Department sanctioned the Iranian cryptocurrency exchange BitBank, alleging it moved hundreds of millions of dollars in bitcoin to the Islamic Revolutionary Guard Corps (IRGC), an organization designated as a terr…

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