Content Gen Dashboard

On June 2, 2026, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) designated Nobitex, Iran's largest digital asset exchange, along with three other Iranian digital asset exchanges—Wallex, Bitpin, and Ramzinex—pursuant to counterterrorism authority Executive Order 13224, as amended, and Executive Order 13902, which targets persons operating in Iran's financial sector. OFAC designated Nobitex for materially assisting the Islamic Revolutionary Guard Corps (IRGC) and operating in Iran's financial sector. The exchange processed more than 50 percent of all Iranian digital asset inflows in 2025 and facilitated payments tied to Iran's terrorist activities, sanctions evasion efforts, and IRGC-linked transactions, including activity associated with IRGC-affiliated ransomware actors. Nobitex also helped the Central Bank of Iran access hundreds of millions of dollars in stablecoins and enabled regime insiders to access international digital asset exchanges across multiple jurisdictions. OFAC also designated Nobitex's chairman and co-founder Amir Hossein Rad, alongside other company leaders including current chief executive Seyed Ali Khoee. Wallex, Iran's second-largest digital asset exchange by volume, received 12 percent of all Iranian digital asset inflows in 2025 and facilitated numerous IRGC-linked transactions. Bitpin received 10 percent of Iranian digital asset inflows in 2025 and processed millions of dollars in transactions linked to the IRGC. Ramzinex, founded in 2018, processed over $2.45 billion in transactions, including those linked to the IRGC and Iranian government-backed financial institutions. All property and interests in property of designated persons in the United States or in the possession or control of U.S. persons are blocked. U.S. persons are prohibited from engaging in transactions involving designated persons unless authorized by OFAC or exempt. Violations may result in civil or criminal penalties. The U.S. Department of State's Rewards for Justice program is offering up to $15 million for information disrupting Iran's IRGC financial mechanisms.

On June 2, 2026, the US Office of Foreign Assets Control (OFAC) designated Nobitex, Iran’s largest digital asset exchange, along with three other Iranian digital asset exchanges, as part of its "Economic Fury" campaign and the Trump administration’s wider efforts to eliminate threats posed by the Iranian regime. According to OFAC , Nobitex provides significant support to the regime, processing more than 50 percent of all Iranian digital asset inflows in 2025, as well as facilitating payments linked to Iran’s terrorist activities, sanctions evasion efforts and Islamic Revolutionary Guard Corps (IRGC)-related transactions, including activity associated with IRGC-affiliated ransomware actors. The designations are being taken pursuant to OFAC's counterterrorism authority under Executive Order 13224 , as well as Executive Order 13902 , which targets individuals and entities operating in Iran’s financial sector. The designations block all US-based property of these targets and generally prohibit US individuals and entities from engaging in transactions with them, unless expressly authorized by OFAC. Additionally, OFAC has issued an Iran-related frequently asked question (FAQ) document on the subject of Iranian digital asset exchanges: FAQ 1257 .

meta_id 3206332

Generated

U.S. Treasury Office of Foreign Assets Control Designates Iran's Largest Digital Asset Exchange for Sanctions Evasion

Agent draft

Published

US Office of Foreign Assets Control Designates Iranian Digital Asset Exchanges for Terror Finance and Sanctions Evasion