U.S. Sanctions Iran’s Largest Crypto Exchanges Over Alleged IRGC and Terrorism Ties

U.S. Treasury’s Office of Foreign Assets Control designated Iran’s largest cryptocurrency exchange Nobitex and three other digital-asset platforms on June 2, 2026. -linked property of the designated parties.

Nobitex processed more than 50 percent of Iranian digital-asset inflows in 2025. Together with Wallex, Bitpin, and Ramzinex, the four platforms accounted for at least 72 percent of such inflows that year. The Treasury said the platforms facilitated payments tied to terrorist activities, sanctions evasion, and Islamic Revolutionary Guard Corps-linked ransomware.

The individuals designated include Nobitex Chairman Amir Hossein Rad, born March 21, 1986; co-founders Seyed Mohammad Ali Aghamir Mohammad Ali and Seyed Mohammad Aghamir Mohammad Ali; and CEO Seyed Ali Khoee. Reuters reported that Nobitex is controlled by two brothers from the Kharrazi family, listed at the exchange’s founding under a surname rarely used by family members.

The designations were issued under Executive Order 13902, which targets persons operating in the Iranian financial sector, and Executive Order 13224 as amended, which blocks property of persons who provide support to specially designated global terrorists including the IRGC.

U.S. person must be blocked. S. persons from engaging in any transactions with the four platforms or the named individuals.

U.S. persons face secondary sanctions risk if they continue to provide material support. The designations take effect on the date of the Federal Register notice, June 2, 2026. S.

Combat operations in Iran, Nobitex played a role in protecting and moving assets and funds out of Iran to shield regime wealth despite internet blackouts. S. has seized a total of $1 billion in Iranian cryptocurrency assets to date as part of Operation Epic Fury.

He added: “Just outright grabbed the wallets. ” Nobitex rejected that it has direct government connections and denied assisting state institutions. The exchange stated that it did nothing to conceal the identities of the owners.

The Treasury action is part of the Economic Fury campaign and follows earlier sanctions on smaller Iranian exchanges and facilitators. IRGC-linked addresses received more than $3 billion in 2025, up from over $2 billion in 2024, with their share rising to more than 50 percent of total Iranian crypto inflows by the end of 2025, according to data cited by ZeroHedge.