Binance to stop processing transactions involving 16 sanctioned crypto platforms

Binance says it will stop processing transactions involving 16 crypto platforms that were hit by EU and US sanctions. For high-risk operators and PSPs, the practical point is simple: direct and indirect transfers between Binance and wallets tied to those platforms are now under active review and can be paused.

1. According to Binance, the restrictions cover 16 crypto platforms and apply to both direct and indirect asset transfers between Binance and the wallets of the affected services.
2. The first measures took effect on 7 August for Shelbit and Aban Tether Exchange. On 13 August, the same treatment was extended to A7 Nigeria, A7 Africa and PilotFinance.
3. Restrictions on Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto, Tradex, Monease, BitPapa, Exnode, and the exchanges HTX and EXMO will take effect on 23 August. Binance said any transactions made on or after those dates may be suspended and reviewed, and wallets linked to the affected services may be restricted during that review.
4. Binance also said the activity of those services may constitute a violation of its terms of use. That matters because terms-of-service enforcement can turn into de facto payment blocking without a separate court process or public regulator notice.
5. Fourteen of the listed services were included in the European Union’s 21st sanctions package. The EU said these companies provided services related to cryptoassets or payments and were created outside the bloc, which, in the view of European authorities, made compliance with the restrictions significantly harder.

On the US side, Shelbit and Aban Tether Exchange were sanctioned by the US Treasury on 7 August. Treasury accused the companies of money laundering and transferring millions of dollars for the benefit of Iran’s Islamic Revolutionary Guard Corps (IRGC).

Separately, analysts at TRM Labs said HTX continues to serve customers from Russia and has reworked its infrastructure to bypass UK sanctions. For PSPs, the message is less about one exchange and more about how quickly sanctioned-flow risk can spread across exchanges, wallets, and settlement routes.