$15M Bounty Announced as US Targets IRGC Crypto Funding
What Happened
US imposed sanctions on six entities and one individual allegedly linked to an Iranian cryptocurrency network used to move funds internationally. Washington said the action followed recent attacks on commercial vessels in the Strait of Hormuz and accused the network of helping finance the Islamic Revolutionary Guard Corps (IRGC).
Key Takeaways
The move signals a broader U.S. effort to cut off Iran's financial channels, including digital assets, while offering up to $15 million for information that helps disrupt IRGC funding networks.