Enforcement · OFAC · 16 Dec 2025 · 20251216_33

Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and Exodus Movement, Inc.

The U.S. Department of the Treasury's Office of Foreign Assets Control announced a $3,103,360 settlement with Exodus Movement, Inc. to resolve 254 apparent violations of sanctions on Iran. Between October 2017 and January 2019, the company provided customer support services that enabled Iranian users to access digital asset exchanges through its wallet software. The penalty amount reflects the determination that the violations were not voluntarily self-disclosed and that 12 of the infractions were egregious.

US FederalOffice of Foreign Assets Control

Release Date

12/16/2025

Recent Actions Body

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a $3,103,360 settlement with Exodus Movement, Inc. ("Exodus") to settle its potential civil liability for 254 apparent violations of OFAC’s sanctions on Iran. Between October 2017 and January 2019, Exodus provided customer support services to users in Iran which in certain instances helped such users access digital asset exchanges through Exodus's wallet software. The settlement amount reflects OFAC's determination that the apparent violations were not voluntarily self-disclosed and that 12 of the 254 apparent violations were egregious. For more information, please visit the following Settlement Agreement and Enforcement Release .

Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.

Similar documents from other regulators