U.S. Treasury enforces sanctions on Iranians for over $100 million in illegal oil transactions using cryptocurrency

The U.S. Treasury has sanctioned Alireza Derakhshan and Arash Estaki Alivand, highlighting their involvement in transferring funds from illegal oil trades to Iran’s IRGC-QF.

These sanctions are part of efforts to undermine a shadow banking network supporting Iran’s military activities, following previous actions against associated entities.