Two news outlets reported on 7 November 2026 that the United States sanctioned Canadian money-exchange firms over their ties to Iran. Cointelegraph reported the sanctions at 11:10 UTC, and The Defiant reported them at 11:27 UTC. Both accounts are labeled unverified: they come from established outlets but were not confirmed at the source. Neither report, as summarized here, names the firms or the US agency that issued the designations. [1] [3]

The two reports differ in detail. Cointelegraph describes the targets as Canadian money-exchange firms sanctioned because of their ties to Iran [1]. The Defiant says the US sanctioned eight Canadian money firms over alleged links to Iran's crypto activity [3]. Because neither account has been confirmed at the source, the number of firms and the exact nature of the alleged links remain unverified. [1] [3]

According to The Defiant, the designations freeze covered assets and generally bar US dealings with the firms [4]. The same report says OFAC also listed six Tron addresses [5]. These details come from a single outlet and have not been confirmed at the source. [4] [5]

Cointelegraph also reported that the US is offering as much as $20 million and possible relocation for information about Iran's nuclear program [2]. That figure and the relocation offer appear in Cointelegraph's account and are not confirmed at the source. [2]

What remains unconfirmed is the core of the story. Neither report, as given here, has been confirmed at the source. The number of sanctioned firms, the specific allegations, the asset freezes, the six Tron addresses and the $20 million offer all rest on the two outlets' unverified reports and should be treated as such until confirmed. [1] [2] [3] [4] [5]