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 (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.