US Treasury Adds Nobitex and Three Other Iranian Exchanges to OFAC SDN List Under 'Economic Fury' - "The Defiant"

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The U.S. Treasury Department's Office of Foreign Assets Control added Nobitex, the largest cryptocurrency exchange in Iran, and three other Tehran-based digital-asset platforms — Wallex, Bitpin and Ramzinex — to its Specially Designated Nationals list on Tuesday, naming them as the rails the Iranian regime, its central bank and the Islamic Revolutionary Guard Corps have used to move funds around Western sanctions.

OFAC's press release said Nobitex processed more than 50% of all Iranian digital-asset inflows in 2025, Wallex took 12% and Bitpin 10%. Ramzinex, founded in 2018, has processed more than $2.45 billion in transactions, including flows tied to the IRGC and a state-backed Iranian financial institution.

Treasury also designated Nobitex chairman, co-founder and former chief executive Amir Hossein Rad, current chief executive Seyed Ali Khoee and two co-founders — Seyed Mohammad Ali Aghamir Mohammad Ali and Seyed Mohammad Aghamir Mohammad Ali — whom it identified as members of the Kharrazi family, an inner-circle dynasty in the Islamic Republic.