Treasury listed a bitcoin address for one Iranian exchange and none for two others named the same day

In its August 7, 2026 designation of the exchange SHPS Shelbit, the Office of Foreign Assets Control published a bitcoin address inside the entry itself: “Digital Currency Address - XBT bc1qjzk63wwatq2f638psymq3qapn00aqgksyx56l3t8eg7zuuccwasq498khf”.1 The same address appears in the Federal Register notice of that action.2 Two other entries in that same August 7 action carry no Digital Currency Address field: Shelbit General Trading LLC, listed with a Dubai address and “Registration Number 3334083 (United Arab Emirates)”, and Aban Tether Exchange, listed with a Tehran address and the website abantether.com.3,4 The field’s presence therefore varies entity by entity inside a single action, not action by action.1,3,4

Of eleven Iran-related SDN entries this newsroom read in full across OFAC’s January 30, August 7 and September 17, 2026 actions, two carry a Digital Currency Address field and nine do not.5,6,1,3,7,8,9,4,10,11,12 The practical consequence is narrower than a rule violation: a firm screening incoming deposits against the SDN List has a string to match in the SHPS Shelbit entry and in the Zedcex Exchange Ltd entry, and for the other nine entries read here only names, locations, websites and registration numbers, with no digital currency address to match a deposit against.5,6,1,7,10 The reason for the difference is not established.13,14

Crypto News first reported that the Treasury Department’s September 17, 2026 sanctions release “does not identify the wallets involved or break down the transactions by date, amount or counterparty,” and that “OFAC’s accompanying SDN entry similarly does not list digital currency addresses for BitBank.”15 The BitBank entry carries the exchange’s street address at “No. 2, 35th Street, Alvand Street, Argentina Square, Tehran, Iran,” two websites, an “Organization Established Date 2024” and an “Organization Type: Financial and Insurance Activities,” and no Digital Currency Address field.5 Neither does the entry for Pishtaz Simorgh Electronic Trade Company, which lists a website, “National ID No. 14012169913 (Iran)” and “Registration Number 611800 (Iran).”6

Nor does the entry for one designated associate, which reads in full: “ZAKER HOSSEIN, Hossein Ali (Arabic: حسین‌علی ذاکر حسین), Kish Sadaf Fazyek Kh Hananeh Shiday Yakom, Kish Island, Iran; DOB 23 May 1957; POB Shiraz, Iran; nationality Iran; Additional Sanctions Information - Subject to Secondary Sanctions; Gender Male; Passport B61766700 (Iran) expires 20 Feb 2028; National ID No. 2296622909 (Iran) (individual) [IRAN] [IRAN-EO13902] (Linked To: ZANJANI, Babak Morteza).”10 The entries for the other two designated associates, Mohammad Mahdi Zaker Hossein and Seyed Adel Heidari, likewise list passport or national ID numbers and no Digital Currency Address field.11,12

In FAQ 562, OFAC states that it “may add digital currency addresses to the SDN List to alert the public of specific digital currency identifiers associated with a blocked person,” and that its “digital currency address listings are not likely to be exhaustive.”13 Its October 2021 virtual-currency compliance guidance says that “In 2018, OFAC began including certain known virtual currency addresses as identifying information for persons listed on the SDN List,” and that such listings “may assist the industry in identifying other virtual currency addresses that may be associated with blocked persons or otherwise pose sanctions risk, even if those other addresses are not explicitly listed on the SDN List.”14,16 The guidance says “may,” not must, and OFAC has said in advance that its address listings are “not likely to be exhaustive,” so the absence of the field from an entry is not itself a departure from any rule the agency has published.13,14

Treasury said it designated BitBank “as part of Operation Economic Outcast,” and pointed readers to “more information on the persons designated and any property identified as blocked property today.”17,18 Treasury’s own release states that “Between June and July of this year, Zanjani utilized BitBank to facilitate the transfer of hundreds of millions of dollars’ worth of Bitcoin to the IRGC.”19 Treasury described the designated parties as “key components of the Iranian regime’s digital assets-based sanctions evasion infrastructure,” according to TradingView’s account of the action.20 Crypto News reported that Treasury has not disclosed how much of that alleged bitcoin total came specifically from the Hormuz Safe payments.21 TRM Labs reported that OFAC also designated Pishtaz Simorgh and “three senior figures in Zanjani’s Dot One network.”22

No source in this reporting connects Binance to the September 17 designation.5,20 Separately, The Wall Street Journal reported in May 2026 that a network run by Zanjani made roughly $850 million in transactions on Binance over two years, and that about half of that money may have gone to fund Iran’s military.23 Binance co-CEO Richard Teng called the reporting “fundamentally inaccurate,” and said the transactions occurred before the individuals involved were sanctioned.24,25 A Binance spokesperson told The Block the exchange “did not permit any transactions with sanctioned individuals” and said the Journal “materially overstates Binance’s role” by conflating broader blockchain activity with direct Binance platform flows.26

Zanjani and two exchanges he controlled, Zedcex and Zedxion, were designated in January 2026 for their alleged role in funding the IRGC, per wire coverage.27 OFAC’s January 30, 2026 entry for Zedcex Exchange Ltd carries two Tron addresses, including “Digital Currency Address - TRX TCA9vmjsYw9MtPKEwRBtGhKFRfr4CLxJAv”.7 Its entry for Zedxion Exchange Ltd lists a website and “Company Number 13404089 (United Kingdom) issued 17 May 2021,” without an address field.8 The entry for Zanjani himself lists a date of birth, place of birth and nationalities, and no address field.9

This story does not establish that any transaction moved through Binance after Binance’s November 21, 2023 settlement with OFAC; the newsroom ran no blockchain analysis.15 That settlement covered conduct “between August 2017 and October 2022,” a period that ends before the June-to-July 2026 flows Treasury describes in the September 17 action.28,19 This story also does not establish whether any exchange blocked, froze or reported the flows, since blocked-property reports go to OFAC rather than the public and no source here addresses them.29,30

Method: this story read OFAC’s recent-actions pages for January 30, August 7 and September 17, 2026, the Federal Register notice of the August action, OFAC FAQ 562 and OFAC’s October 2021 virtual-currency compliance guidance.1,13,14,7,2 The eleven entries read in full were Zedcex Exchange Ltd, Zedxion Exchange Ltd and Babak Morteza Zanjani from January 30; SHPS Shelbit, Shelbit General Trading LLC and Aban Tether Exchange from August 7; and BitBank, Pishtaz Simorgh Electronic Trade Company, Hossein Ali Zaker Hossein, Mohammad Mahdi Zaker Hossein and Seyed Adel Heidari from September 17.5,6,1,3,7,8,9,4,10,11,12 The counting rule was per entry: each quoted SDN listing was checked for the presence of a “Digital Currency Address” field, and an entry was counted as carrying one only if that exact label appears in the listing text.1,7,10 It did not count every entry in every 2026 Iran-related action, so no year-wide ratio is published here.5 The Clanker Times did not contact Binance, the Treasury Department or OFAC for this story.5