The Block reports that the US Treasury Department has sanctioned two more Iranian cryptocurrency exchanges as part of its 'Economic Fury' campaign. The department traced over $3 million in transfers between Shelbit and wallets linked to the Iranian Revolutionary Guard Corps.
For anyone doing on-chain work on Avalanche or Base, this is a reminder that sanctions enforcement increasingly targets specific wallet addresses and exchange endpoints, not just entities on paper. If you touch fiat on/off-ramps or facilitate transfers, it's worth checking whether your screening pulls updated OFAC address lists in near real time rather than periodic batches. The exposure risk here is downstream counterparty contamination, which is hard to catch without address-level monitoring.
The headline and summary above belong to The Block; the full story is theirs and lives on their site. Only the commentary is ours.
HTSApp