OFAC Sanctions Nobitex, Iran's Largest Crypto Exchange, Over 50% of Digital Asset Inflows

According to the U.S. Treasury Department's Office of Foreign Assets Control, Nobitex and three other Iranian crypto exchanges—Wallex, Bitpin, and Ramzinex—have been designated as sanctions targets. The Treasury cited Nobitex's role in processing more than 50% of Iranian digital asset inflows in 2025 and its involvement in sanctions evasion and terrorist financing.

The sanctions also targeted Nobitex chairman and co-founder Amir Hossein Rad, CEO Seyed Ali Khoee, and co-founders Ali and Mohammad Kharrazi. Treasury Secretary Scott Bessent stated that the action reflects Iran's use of digital assets to evade sanctions while the country's economy faces severe pressure. The U.S. has seized approximately $500 million in Iranian crypto assets related to sanctioned networks.