Cryptohack Roundup: US Sanctions Iran Shadow Banking Network

Also: Man Denied Bankruptcy Discharge Over $12.5M Crypto Ponzi Debts Rashmi Ramesh (rashmiramesh_) • September 18, 2025

Every week, Information Security Media Group rounds up cybersecurity incidents in digital assets. This week, U.S. sanctioned an Iranian shadow banking network, Texas man denied a bankruptcy discharge, Nemo blamed $2.6M exploit on developer errors and weak governance, THORChain founder hacked, Shibarium Bridge hit by $2.4M hack, Denver court ruled pastor's $3.3M project a fraud and NYDFS told banks to use blockchain analytics.

See Also: Fighting Deepfakes: Transformative Approaches to Protect Your Business

The U.S. Department of Treasury sanctioned two Iranian financial facilitators and more than a dozen companies and individuals in Hong Kong and the United Arab Emirates for running a shadow banking network that funneled funds to Iran's Islamic Revolutionary Guard Corps Quds Force and the Ministry of Defense and Armed Forces ...