The U.S. Treasury Division’s Workplace of Overseas Property Management (OFAC) introduced sanctions in opposition to Nobitex, Iran’s largest cryptocurrency trade, for facilitating funds associated to terrorist actions.
Novitex is believed to have helped evade financial sanctions and facilitated transactions associated to the Islamic Revolutionary Guards Corps (IRGC).
Among the many transactions, U.S. authorities found wallets related to ransomware actors related to the IRGC.
“Nobitex offered important assist to the regime, processing greater than 50% of all Iranian digital asset inflows in 2025, and facilitating funds associated to Iranian terrorist actions, sanctions evasion efforts, and Islamic Revolutionary Guards Corps (IRGC)-related transactions, together with actions associated to IRGC-affiliated ransomware actors,” the Treasury Division mentioned.
“Nobitex additionally helped the Central Financial institution of Iran entry lots of of hundreds of thousands of {dollars} in stablecoins used to prop up the plummeting worth of the Iranian rial, whereas additionally permitting regime insiders to entry worldwide digital asset exchanges and circumvent sanctions throughout a number of jurisdictions.”
OFAC additionally named sure people recognized as executives and founders of Nobitex, together with Chairman Amir Hossein Rad, CEO Seyed Ali Khoi, co-founder Seyed Mohammad Ali Agamil Mohammad Ali, and blockchain chief Seyed Mohammad Agamil Mohammad Ali.
The motion is a part of the US authorities’s “Financial Rage” marketing campaign, which additionally targets three different Iranian crypto exchanges: Wallex, Bitpin, and Ramzinex.
Iran’s cryptocurrency ecosystem acquired practically $7.8 billion in 2025, in accordance with extra info from blockchain intelligence agency Chainalysis.
The corporate estimates that addresses related to the IRGC accounted for greater than 50% of the worth acquired by Iran’s cryptocurrency ecosystem within the fourth quarter of 2025.
Nobitex dealt with greater than half of the crypto inflows from Iran, whereas Wallex and Bitpin accounted for 12% and 10%, respectively.
From a sensible perspective, the sanctions imply that each one property and belongings of designated entities and people beneath U.S. jurisdiction can be frozen and U.S. individuals can be prohibited from conducting any transactions with these entities.
On the identical time, the sanctions create worldwide stress as U.S. allies and foreign-based corporations are reluctant to take dangers and proceed doing enterprise with designated events.
In June 2025, the pro-Israel hacker group Predatory Sparrow infiltrated Nobitex, stole roughly $90 million value of digital belongings, and claimed to have left politically charged messages.
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