[U.S. Treasury Sanctions Iran's BitBank, Accusing It of Facilitating the Transfer of Hundreds of Millions in Bitcoin] Odaily Planet Daily reports that Bitcoin News posted on the X platform stating that the U.S. Treasury has sanctioned Iran's BitBank, alleging that the exchange processed Bitcoin payments made by ships under the Hormuz Peace Insurance Plan. The Office of Foreign Assets Control (OFAC) stated that as of June, these funds had been transferred to Iran's Islamic Revolutionary Guard Corps. The network of Babak Zanjani was said to have used the exchange to transfer hundreds of millions of dollars in Bitcoin. U.S. Treasury Secretary Scott Bessent emphasized that Bitcoin payment channels are not exempt from OFAC regulations.