On June 2, 2026, as part of “Economic Fury” and President Trump’s maximum pressure campaign on Iran, the U.S. Department of the Treasury’s Office of Foreign Assets Control designated Nobitex, Iran’s largest digital asset exchange, for providing “significant support” to the Iranian regime. According to OFAC, Nobitex processed more than 50 percent of all Iranian digital asset inflows in 2025 and facilitated payments linked to terrorist activities in Iran, sanctions evasion efforts, and transactions linked to the Islamic Revolutionary Guard Corps (“IRGC”), including wallets associated with IRGC-affiliated ransomware actors. OFAC also reported that Nobitex helped the Central Bank of Iran access hundreds of millions of dollars in stablecoins that were used to prop up the Iranian rial and provided regime insiders with access to international digital asset exchanges.
OFAC also designated Nobitex executives: Amir Hossein Rad, Nobitex’s chairman, co-founder, and former CEO, who allegedly helped the company reconstitute operations following a $90 million hack in June 2025; Seyed Mohammad Ali Aghamir Mohammad Ali, a Nobitex co-founder and alleged member of the Kharrazi family that is part of Supreme Leader Khamenei’s inner-circle; Seyed Mohammad Aghamir Mohammad Ali, a Nobitex co-founder and blockchain lead who is also an alleged Kharrazi family member; and Seyed Ali Khoee, Nobitex’s current CEO. The designations of Nobitex and its executives were imposed pursuant to Executive Order 13902, which targets persons operating in Iran’s financial sector, and the counterterrorism authority, E.O. 13224, for materially assisting the IRGC.
In addition to Nobitex, OFAC designated three other Iranian digital asset exchanges—Wallex (Iran’s second-largest exchange by volume), Bitpin, and Ramzinex—all pursuant to E.O. 13902 for operating in Iran’s financial sector. However, according to OFAC, all three digital asset exchanges have facilitated transactions linked to the IRGC.
U.S. Department of Treasury Press Release