More than 1,500 users with residences in Iran reportedly had accounts at Kraken as of June, while 149 users in Syria and 83 in Cuba were also able to access the crypto exchange.
The United States Treasury Department’s Office of Foreign Assets Control, or OFAC, is reportedly investigating crypto exchange Kraken for allegedly allowing users based in Iran and other countries to buy and sell crypto — a potential violation of US sanctions.According to a Tuesday report from the New York Times, OFAC has been looking into Kraken’s alleged sanctions violations since 2019 and may be close to imposing a fine on the exchange.