← Iran IRGC Crypto Exchange Network (OFAC Sectoral Sanctions)reviewed 2026-11-02 · 9 claims checked
Fact-check findings
What an automated fact-checker found when it re-read Iran IRGC Crypto Exchange Network (OFAC Sectoral Sanctions) against the sources the page cites. Only the most recent review is shown.
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These findings are produced by an automated reviewer, and its results vary between runs: the same page, checked three times on the same day, came back with 15%, 20% and 34% of its claims disputed, mostly because each run extracted a different number of claims. Treat what follows as leads, not rulings.
“Disputed” means the reviewer could not reconcile the claim with the evidence it cited. It does not mean the claim is false. “Unverifiable” means no reachable source settled it either way.
Nothing here changes the page on its own. A proposed correction is applied only after a human moderator approves it; until then the page reads as it did when reviewed.
unverifiable
3 claimsNo source the reviewer could reach confirms or contradicts the claim.
- #2[unverifiable][awaiting moderator]in section: August 7, 2026: Shelbit Exchange, Aban Tether, and the Kayvanpour Network
“Treasury Secretary Scott Bessent said the action demonstrated that the administration's earlier 'Economic Fury' sanctions campaign 'is working.'”
reviewerTreasury Secretary Bessent said the Aug 7 action showed the earlier 'Economic Fury' campaign 'is working.'The 'is working' statement was not found in the fetched Treasury summary. It may appear in the full text or a secondary source. - #7[unverifiable][awaiting moderator]in section: June 2026: Designation of Nobitex, Wallex, Bitpin, and Ramzinex
“reported to belong to a family with ties to Iran's Supreme Leader”
reviewerRamzinex co-founders belong to a family with ties to Iran's Supreme Leader.Not found in sources I fetched; hedged as 'reported' but is a sensitive claim about named living people and needs a specific citation. - #9[unverifiable][awaiting moderator]in the timeline
“OFAC issues a first-of-its-kind sectoral determination under Executive Order 13902 naming digital assets a sanctionable sector of Iran's economy”
reviewerAug 24 sectoral determination under E.O. 13902 named digital assets alongside aviation, gold, shipping and technology.I did not read the S&C memo or TRM post. The BitBank release cites E.O. 13902 as targeting Iran's digital asset sector, which is consistent, but 'first-of-its-kind' and the 'nearly 60' count were not independently checked. Not scored.
partially supported
1 claimThe cited evidence supports part of the claim but not all of it.
- #1[partially supported][awaiting moderator]in the timeline
“alleging billions of dollars laundered on behalf of the IRGC.”
reviewerThe Aug 7 action alleged billions of dollars laundered on behalf of the IRGC via Shelbit, Aban Tether and Kayvanpour's network.The 'billions' language is a general statement about the exchange ecosystem, not a figure tied to the Aug 7 designees. The event line attaches it to this action, which overstates it.
confirmed
5 claimsThe cited evidence supports the claim as written.
- #3[confirmed][no action needed]in section: August 7, 2026: Shelbit Exchange, Aban Tether, and the Kayvanpour Network
“digital currency addresses linked to Iran's armed forces sent over $1 million in crypto to Shelbit addresses, while more than $2 million moved from Shelbit back to Iranian wallets”
reviewerAug 7 designations: Shelbit entities, Aban Tether, Kayvanpour; dollar figures; $15M Rewards for Justice offer.Matches the Treasury release. - #4[confirmed][no action needed]in section: September 17, 2026: BitBank, Pishtaz Simorgh, and the Zanjani Network
“Treasury alleged that between June and July 2026, Zanjani used BitBank to arrange bitcoin transfers worth hundreds of millions of dollars that reached the IRGC.”
reviewerBitBank designation on Sept 17, 2026 under E.O. 13902; Pishtaz Simorgh and three associates; hundreds of millions in bitcoin to IRGC June-July 2026.Confirmed against Treasury release. - #5[confirmed][no action needed]in section: September 17, 2026: BitBank, Pishtaz Simorgh, and the Zanjani Network
“that sentence was reportedly commuted around 2024”
reviewerZanjani's death sentence was commuted around 2024.Matches. - #6[confirmed][no action needed]in section: June 2026: Designation of Nobitex, Wallex, Bitpin, and Ramzinex
“the four sanctioned exchanges had collectively sent or received cryptoasset transactions totaling at least $40 billion”
reviewerElliptic: four exchanges transacted at least $40B; none previously on SDN list; individuals named.Confirmed. The Wallex 12% and Bitpin 10% figures are not in Elliptic but were reported elsewhere as Treasury figures. - #8[confirmed][no action needed]in section: Alleged Scale of IRGC Cryptocurrency Flows
“IRGC-associated addresses accounted for over 50% of total value received in Iran's crypto economy in the fourth quarter of 2025, with volumes surpassing $3 billion for 2025 as a whole.”
reviewerChainalysis: IRGC-associated addresses over 50% of value received in Q4 2025, over $3B in 2025; Obukhov over $100M since 2023; MOIS unit members.Confirmed. Note the summary rephrases this as 'billions of dollars ... in 2025 alone', which is consistent with 'over $3 billion'.
How this fits together. The reviewer reads the published page and its cited sources and records one finding per claim. A human moderator decides whether each proposed correction is applied; those decisions, and the score changes they cause, appear in the audit log. Earlier review runs are not shown here; only the latest reflects the page as it stands.