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OFAC Operation Economic Outcast — Iran Digital Assets Sectoral Sanctions August 2026

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Summary

On August 24, 2026, the U.S. Department of the Treasury launched Operation Economic Outcast, a sweeping sanctions campaign against Iran that, for the first time, designated Iran's entire digital assets sector as sanctionable under Executive Order 13902. The action named nearly 60 entities, individuals, and vessels and listed 30 crypto wallet addresses across Bitcoin, Ethereum, and TRON linked to the Mabna Institute and IRGC-Qods Force. The sectoral determination creates broad secondary sanctions exposure for any foreign crypto business — exchange, custodian, OTC desk, or DeFi protocol — that maintains material Iran-nexus counterparty relationships, regardless of whether those counterparties are individually listed.

Connected Entities

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□OFAC Operation Economic Outcast — Iran Digital Assets Sectoral Sanctions August 2026
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    Timeline(7 events)

    2013

    Mabna Institute founded in Tehran; begins cyber-intrusion campaign on behalf of the IRGC and Iranian government clients, eventually compromising 144 U.S. universities, 178 foreign universities, private companies, and government agencies.

    Crypto Briefing / TRM Labs

    March 2018

    DOJ unseals original indictment charging nine Mabna Institute members with cyber intrusion and theft of academic and commercial intellectual property.

    DataBreaches.Net

    10 January 2020

    President Trump signs Executive Order 13902, authorizing sectoral sanctions against specified sectors of the Iranian economy — the legal foundation for the August 2026 digital assets determination.

    Wikipedia / Treasury

    7 August 2026

    OFAC designates Shelbit Exchange and Aban Tether under entity-level SDN listings for allegedly facilitating IRGC fund flows — a precursor action distinct from the subsequent sectoral determination.

    CoinDesk

    18 August 2026

    FBI unseals superseding indictment charging 17 Iranian nationals affiliated with the Mabna Institute, adding eight defendants to the 2018 indictment. Five of these individuals are subsequently designated in the August 24 OFAC action.

    DataBreaches.Net

    24 August 2026

    Treasury Secretary Scott Bessent announces Operation Economic Outcast. OFAC designates nearly 60 entities, individuals, and vessels and issues five sectoral determinations under E.O. 13902 covering digital assets, technology, gold, aviation, and shipping. Thirty crypto wallet addresses across Bitcoin, Ethereum, and TRON are added to the SDN list. This marks the first time Iran's digital assets sector has been designated as sanctionable at a sectoral level.

    U.S. Department of the Treasury

    25 August 2026

    Chainalysis publishes compliance analysis of the action, highlighting the crypto-for-oil payment network targeted by the Obukhov/Foscom designations. TRM Labs publishes on-chain analysis finding $16.8 million in total flows through the 30 Mabna-linked wallet addresses.

    Chainalysis / TRM Labs
    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain16 Wayback Archives

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (3 events). 16 of 17 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 8/26/2026, 12:09:46 PM

    last updated: 9/1/2026, 12:55:59 PM

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