The U.S. Treasury’s OFAC has sanctioned Nobitex, Iran’s largest cryptocurrency exchange, for helping facilitate payments tied to terrorist activity, sanctions evasion, and IRGC-linked transactions. The action also targets other Iranian exchanges and named executives, following findings that Nobitex was tied to ransomware-related wallets and broader support for the Iranian regime. #Nobitex #IRGC #OFAC #Wallex #Bitpin #Ramzinex #PredatorySparrow
Keypoints
- OFAC sanctioned Nobitex for facilitating payments tied to terrorist activities and sanctions evasion.
- Nobitex was accused of supporting IRGC-linked transactions and ransomware-associated wallets.
- The exchange reportedly processed more than 50 percent of Iranian digital asset inflows in 2025.
- Sanctions also targeted Nobitex executives and founders, along with Wallex, Bitpin, and Ramzinex.
- Chainalysis said Iran’s crypto ecosystem received nearly $7.8 billion in 2025, with IRGC-linked addresses accounting for over half in Q4.