The U.S. imposed sanctions on two Iranian financiers (Alireza Derakhshan and Arash Estaki Alivand), plus several companies in Hong Kong and the UAE. They are accused of facilitating over $100 million worth of cryptocurrency transactions tied to Iranian oil sales, funneled via shell companies and shadow networks to benefit Iran’s government and military. The move is part of broader effort to clamp down on crypto-based channels used to evade sanctions.  

Source: reuters.com