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Iran’s Strait of Hormuz toll booth ran through a bitcoin exchange, U.S. says

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 18/09/2026, 20:46:43 UTC.

Briefings

The U.S. Treasury claims Iran's BitBank, a Tehran-based cryptocurrency exchange, moved hundreds of millions of dollars to the Revolutionary Guards and processed payments for ships using the Strait of Hormuz. This incident occurred in September 2026, highlighting a potential link between digital finance and oil security. The U.S. asserts BitBank is a sanctioned entity, though the specific mechanism of funds transfer remains unverified.

Key points

• The U.S. Treasury alleges BitBank moved hundreds of millions of dollars to the Revolutionary Guards and handled payments for ships using the Strait of Hormuz.
• The incident occurred in September 2026, with the U.S. asserting BitBank is a sanctioned entity, though the specific transfer mechanism remains unverified.

Context and limitations

The evidence is limited to a single U.S. Treasury statement without corroborating data from other sources or independent verification of the financial transactions.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 19/09/2026, 01:23:13 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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