Binance Warns Wallet Reviews as It Cuts Off 16 Crypto Platforms

Binance said it will stop processing transactions linked to 16 crypto-asset service providers after sanctions actions by U.S. and U.K. authorities. The exchange warned that any transfers attempted after the deadlines may be held for compliance review and could result in temporary restrictions on the associated wallets.

The first restrictions took effect Aug. 7 for Shelbit and Aban Tether Exchange. A second batch hit Aug. 13 for two A7-related entities and Pilotfinance Ltd. The remaining 11 platforms face an Aug. 23 cutoff. Those include HTX, EXMO, Rapira, Bitpapa, Exnode, Aifory Pro, ABCeX, WhiteBird, Noonecrypto Inc., Tradex, and Monease Ltd.

U.S. sanctions on Shelbit and Aban Tether came through an OFAC action Aug. 7. Shelbit addresses exchanged more than $3 million with Islamic Revolutionary Guard Corps addresses, OFAC alleged. Aban Tether processed transactions involving previously designated Iranian exchanges.

The June 2 sanctions action against Nobitex, Wallex, Bitpin, and Ramzinex had increased screening requirements around Iranian exchange exposure. OFAC later identified those four among Aban Tether's transaction counterparties, linking the August restrictions to a broader campaign targeting Iran-linked digital flows.

The U.K. separately sanctioned 18 entities on May 26, targeting the Kremlin-backed A7 network and several cryptocurrency exchanges. Officials alleged the network supported sanctions evasion, military procurement, and oil-related payments. A7 claimed it had moved more than $90 billion the previous year.

Several platforms on Binance's list overlap with the U.K. designations, including EXMO, Rapira, Bitpapa, and Huobi Global, now operating under the HTX brand. The U.K. package also reached payment providers and settlement routes associated with Russia-facing stablecoin infrastructure.