Ian Campbell@cR0w @cryptadamist gonna be some awkward conversations with OFAC for a few orgs providing services to nobitex i think
mailtrap[.]io for one
⚯ Michel de Cryptadamus ⚯@neurovagrant IIRC nobitex was never technically fully sanctioned even as an increasing number of entities who did a lot of business with them were being sanctioned... my tinfoil hattish theory is that that could have been on purpose and they let nobitex keep going until israel was ready to attack and then they dropped the hammer.
tether has been blacklisting wallets that can be tangentially linked to the IRGC, nobitex, or demonstrate very similar behavior to the ones that can be so linked, both at a furious clip. i actually built a dashboard to monitor it:
@neurovagrant (i guess saying "never technically fully sanctioned" might be overstating the case because US sanctions on iranian financial activity more broadly are and have been *harsh* for a long time now... it's basically a corporate death sentence for a financial institution that wants to be able to handle US dollars to even unwittingly send money to or from iran (same with north korea and more recently russia, though russia has a few carve outs)
the fact that ignorance is not considered a valid defence is why banks are so paranoid about anything that even looks like it might touch iran (this is theoretically true of money laundering regs in general, but the banks seem to be able to skate with just a fine if they launder billions of dollars for drug cartels)
@neurovagrant but unlike garantex, the houthis, and some known IRGC money launderers who all touch nobitex "on chain", nobitex has never earned its chain addresses a coveted spot on the official OFAC list
@cryptadamist gotcha
i expect that was to let 'em be the observed route, but that's just speculation
@neurovagrant in other news, crypto companies that are actively doing exactly the thing that would get a regulated bank a corporate death sentence are now applying for national bank charters (Circle, Ripple, and a couple others have applied in the last few days)
brave new world
ZachXBT (@zachxbt) on X
1/ My recent investigation uncovered more than $16.58M in payments since January 1, 2025 or $2.76M per month has been sent to North Korean IT workers hired as developers at various projects & companies. To put this in perspective payments range from $3K-8K per month meaning
@cryptadamist can’t wait for securitized crypto tranches