US Sanctions Iran’s Largest Crypto Exchange, 3 Others for Terror Ties, Sanctions Evasion
The Treasury targeted Nobitex, whose cofounders are close associates of former Supreme Leader of Iran Ali Khamenei’s family.
TL;DR
- U.S. government sanctions four Iranian digital asset exchanges: Nobitex, Wallex, Bitpin, and Ramzinex.
- Four C-level executives at Nobitex, including its chairman and CEO, were also sanctioned.
- The sanctions block U.S. assets and prohibit Americans from dealing with the sanctioned parties.
- The exchanges are accused of processing over 50% of Iranian digital asset inflows for Nobitex in 2025.
- Alleged activities include facilitating payments for the IRGC, ransomware actors, sanctions evasion, and supporting the Iranian rial.
- Nobitex is also accused of helping move regime assets out of Iran during U.S. operations and internet blackouts.