Treasury Sanctions a Crypto Network Used to Finance ISIS

OFAC designated three people and six money-services businesses, including Syria's Bitcoin Xchange, and flagged two TRON wallets, for moving cryptocurrency to ISIS.

Treasury Sanctions a Crypto Network Used to Finance ISIS OFAC designated three people and six money-services businesses, including Syria's Bitcoin Xchange, and flagged two TRON wallets, for moving cryptocurrency to ISIS. Aaron Rafferty June 26, 2026 Key Takeaways: The Treasury's OFAC sanctioned three individuals and six money-services businesses on June 22 for moving cryptocurrency on behalf of ISIS, according to Chainalysis and OFAC . The action names Syria-based Bitcoin Xchange and flags two TRON wallet addresses tied to a French facilitator, exposing the on-chain trail investigators followed. Foreign institutions that keep processing transactions for the designated parties risk secondary sanctions and losing access to the US financial system. The US Treasury's Office of Foreign Assets Control sanctioned three individuals and six money-services businesses on June 22 for moving cryptocurrency on behalf of the Islamic State, targeting a financing network that ran across Europe, the Middle East, and West Africa. At the center is Bitcoin Xchange, a Syria-based business that OFAC says transferred funds for ISIS associates originating in Norway, Belgium, the Netherlands, South Africa, and the United States. Two Turkish exchanges and three Nigerian currency bureaus were also designated, along with operators in France, Syria, and Nigeria. Several began as informal money-transfer operations before moving value through crypto. The detail that matters is the evidence. OFAC published two TRON blockchain addresses tied to Miloud Abderrahmane, a French national accused of instructing ISIS supporters on explosives, and analysts at Chainalysis traced transfers from his wallet to donation campaigns in Syria and Gaza. The same public ledger that critics call a haven for ill