- The U.S. Treasury Department sanctioned four Iranian crypto exchanges, including the largest platform Nobitex, for alleged sanctions violations.
- The exchanges are accused of facilitating terrorist financing, propping up the Iranian rial, and processing billions in transactions.
- Four individuals connected to Nobitex, including its chairman and CEO, were also designated in the latest enforcement action.
- Treasury Secretary Scott Bessent stated the department has seized around $1 billion in crypto from Iran since the campaign began.
The U.S. Treasury Department’s Office of Foreign Assets Control designated Nobitex, Iran’s largest digital asset exchange, and three other platforms for alleged sanctions violations according to an official announcement. This action targets entities accused of facilitating terrorist financing and sanctions evasion for the Iranian regime.
The Treasury alleges Nobitex processed over half of all Iranian crypto inflows in 2025. Furthermore, it claims the exchange helped the Central Bank of Iran access hundreds of millions in stablecoins to support the faltering rial.
Consequently, three other exchanges—Wallex, Bitpin, and Ramzinex—were also sanctioned. Ramzinex alone is reported to have processed over $2.45 billion in transactions.
Meanwhile, four individuals linked to Nobitex were designated, including chairman Amir Hossein Rad and CEO Seyed Ali Khoee. Two co-founders are members of the Kharrazi family, which is part of Supreme Leader Khamenei’s inner circle.
This marks the latest move in a broader enforcement campaign against Iranian crypto assets. Treasury Secretary Scott Bessent said his department had seized around $1 billion in cryptocurrency from Iranian entities.
In a statement, Bessent emphasized the ongoing effort, stating, “As promised, Treasury will continue to follow the money in support of Economic Fury, whether it is through the banking system or through digital assets, to prevent the regime from developing a nuclear weapon.” This follows previous actions, including Tether freezing $344.2 million in stablecoins linked to Iran’s central bank in April.
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