US Treasury targets a Houthi-Iran network involved in smuggling weapons, laundering money, and using cryptocurrency to finance terrorism in the Red Sea region

The U.S. Treasury sanctioned a global Houthi financial network — linked to Iran’s IRGC-QF — for trafficking weapons, laundering money, and smuggling stolen Ukrainian grain to fund terrorism and attacks on Red Sea shipping. The action targets operatives and entities in Russia, Turkey, Hong Kong, and beyond, including eight crypto wallets used to finance the Houthis’ war efforts…