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STATEMENT

Treasury sanctions Iranian businessman Babak Zanjani and two UK-registered crypto exchanges under Iran-related executive orders

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Evidence from credible sources supports the statement as accurate. Learn more in Methodology.

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enforcement

OFAC has publicly designated and listed Babak M. Zanjani and the named exchanges under E.O. 13902 and the exchanges under E.O. 13224.

Source summary
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated multiple Iranian officials and affiliates for involvement in violent repression and corruption, including Interior Minister Eskandar Momeni Kalagari and businessman Babak Morteza Zanjani. For the first time, OFAC also designated two UK-registered digital asset exchanges tied to Zanjani and IRGC-linked wallets for operating in Iran’s financial sector and assisting the IRGC. The designations invoke several executive orders and block the property of listed persons, while the Treasury reiterated support for Iranian internet access under an existing general license (GL D-2).
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Latest fact check

The U.S. Department of the Treasury’s OFAC press release dated January 30, 2026 states that OFAC designated Babak Morteza Zanjani, Zedcex Exchange, Ltd., and Zedxion Exchange, Ltd. pursuant to Executive Order 13902 for operating in Iran’s financial sector, and additionally designated Zedcex and Zedxion pursuant to Executive Order 13224 for providing support to the IRGC. The press release and OFAC sanctions list search reflect these designations. Verdict: True — official U.S. Treasury/OFAC documentation confirms the designations and the cited legal authorities (E.O. 13902 for Zanjani and both exchanges; E.O. 13224 additionally for the two exchanges).

Sources

Timeline

  1. Update · Jan 30, 2026, 11:43 PMTrue
    The U.S. Department of the Treasury’s OFAC press release dated January 30, 2026 states that OFAC designated Babak Morteza Zanjani, Zedcex Exchange, Ltd., and Zedxion Exchange, Ltd. pursuant to Executive Order 13902 for operating in Iran’s financial sector, and additionally designated Zedcex and Zedxion pursuant to Executive Order 13224 for providing support to the IRGC. The press release and OFAC sanctions list search reflect these designations. Verdict: True — official U.S. Treasury/OFAC documentation confirms the designations and the cited legal authorities (E.O. 13902 for Zanjani and both exchanges; E.O. 13224 additionally for the two exchanges).
  2. Original article · Jan 30, 2026
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