US Treasury: Sanctions A7 Shadow Banking Network
US Treasury sanctions A7 network with $91.5B daily volume, 2,000 transactions, Nobitex crypto ties and $17B moved since January 2025 under Operation Economic Outcast.
SourceAnalysis
US Treasury sanctioned A7, a Russia-linked shadow banking network used by Iran to evade sanctions, processing over 2,000 transactions a day with $91.5 billion daily volume equal to 13% of Russia's foreign trade while moving more than $17 billion globally since January 2025. The network connects to Nobitex, Iran's largest crypto exchange, and North Korean hackers laundering stolen crypto, all run by convicted fraudster Ilan Mironovich Shor as part of Operation Economic Outcast launched in August to isolate Iran economically and disrupt sanctions evasion crypto networks.
Bull Theory
@BullTheoryioResearch, Trades, onchain plays and all other crypto stuff simplified.Publishes institutional-grade cryptocurrency research and blockchain market intelligence. Delivers in-depth analysis of on-chain metrics, tokenomics, and decentralized finance (DeFi) ecosystems. Features proprietary data models, investment thesis breakdowns, and macro-level crypto trend forecasts. Provides strategic insights for sophisticated investors navigating digital asset markets. Maintains rigorous methodology in fundamental and technical analysis across crypto assets.
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