Crypto Exchange Bittrex to Pay $30M to Settle OFAC Charges It Allowed Sanctioned Jurisdictions to Trade

Between 2014 and late 2017, Bittrex allowed around 1,800 people in sanctioned jurisdictions – including Iran, Cuba, Sudan, Syria and Crimea – to conduct more than 116,000 transactions worth roughly $260 million through its platform, according to the settlement. The Seattle, Washington-based exchange has since taken action to better comply with sanctions blacklists.