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U.S. sanctions Iran-linked bitcoin insurance scheme for Strait of Hormuz ships
The Treasury Department said the Hormuz Safe platform accepted bitcoin and other digital assets as part of an alleged sanctions workaround tied to IRGC-backed shipping controls.
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Treasury designates firms linked to iran's maritime extortion scheme
Treasury designates firms linked to Iran's maritime extortion scheme. U.S. charges for Hormuz fees by July 31, 2026 at 0.3% YES.
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US Treasury sanctions Iranian firms running maritime extortion scheme with crypto payment ties
OFAC sanctioned two Iranian firms tied to the IRGC for forcing ships to buy crypto-payable insurance to transit the Strait of Hormuz, raising
