OFAC don sanction Iranian crypto network for $100M laundering
For September 17, 2025, US Treasury Office of Foreign Assets Control (OFAC) announce sanctions against two Iranian facilitators and their front companies wey dem use launder over $100M from illicit oil sales through cryptocurrency. Di OFAC sanctions dey target Ali Derakhshan (Alireza Derakhshan) and Payam Alivand (Arash Estaki Alivand) plus front firms for Hong Kong and UAE, including Alpa Trading and Alpa Hong Kong Limited. E also include Hezbollah linked launderer Tawfiq Muhammad Sa’id al-Law and currency exchanger Ramin Jalalian. Di network process more than $600M digital assets inside ETH and TRX wallets. Dis actions go disrupt IRGC-QF, MODAFL and their allied groups funding channels. Traders suppose monitor di sanctioned ETH and TRX addresses and prepare for strict cryptocurrency compliance and increased blockchain transparency.
Bearish
Sanction wey dem put for big ETH and TRX addresses dey reduce liquidity and e dey scare institutional interest. For short term, traders fit sell the tokens wey sanction touch to avoid compliance wahala, wey fit make price fall. For long term, better blockchain transparency and tight cryptocurrency compliance fit limit illegal flows and shift demand, but e fit also make operations cost high for exchanges and traders. History show say regulatory actions against crypto networks dey usually cause bearish pressure on targeted tokens while the wider market dey adjust to new compliance rules.