US sanctions say Iran’s oil for crypto web pushed $100M through 2023 to 2025
The US Treasury Department’s Office of Foreign Assets Control (OFAC) has sanctioned two Iranian nationals accused of orchestrating crypto transactions to help Tehran sell oil in defiance of international restrictions.
On Sept. 16, OFAC named Alireza Derakhshan and Arash Estaki Alivand as central figures in a network that moved more than $100 million worth of crypto between 2023 and 2025.
According to the agency, the pair relied on multiple front companies across jurisdictions to obscure the trail of funds used in Iran’s oil-for-crypto trade.
The designations were made under Executive Order 13224, a legal framework that targets individuals who materially assist or finance terrorism-related entities.
OFAC stated that both men provided…
