The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today designated Nobitex, Iran’s largest digital asset exchange, along with three other Iranian digital asset exchanges and several key individuals, as part of the "Economic Fury" campaign targeting the Iranian regime's terror finance and sanctions evasion efforts.
Nobitex processed over 50 percent of all Iranian digital asset inflows in 2025, providing significant support to the regime. It facilitated payments for terrorist activities, sanctions evasion, and transactions linked to the Islamic Revolutionary Guard Corps (IRGC), including those by IRGC-affiliated ransomware actors. The exchange also assisted the Central Bank of Iran in accessing stablecoins to support the Iranian rial and enabled regime insiders to bypass international sanctions. Following U.S. combat operations in Iran, Nobitex helped move assets out of the country despite internet blackouts.
OFAC also designated Amir Hossein Rad, Nobitex’s chairman, co-founder, and former CEO, along with co-founders Seyed Mohammad Ali Aghamir Mohammad Ali and Seyed Mohammad Aghamir Mohammad Ali, and current CEO Seyed Ali Khoee. The Aghamir co-founders are members of the Kharrazi family, close associates of former Supreme Leader Ayatollah Ali Khamenei’s family. Additionally, Wallex, Iran’s second-largest digital asset exchange, Bitpin, and Ramzinex were sanctioned for operating in Iran's financial sector and facilitating IRGC-linked transactions and sanctions evasion.
These actions are taken under counterterrorism authority Executive Order (E.O.) 13224 and E.O. 13902, which targets Iran’s financial sector. Secretary of the Treasury Scott Bessent said, "While Iran’s economy is in free fall, the regime has chosen to co-opt digital asset technologies for its own corrupt agenda, including evading sanctions and transferring wealth out of the country." He added that Treasury would continue to "follow the money" to prevent the regime from developing a nuclear weapon. The Rewards for Justice program is offering up to $15 million for information disrupting IRGC financial mechanisms.
The Treasury Department affirmed its commitment to maintaining maximum pressure on Iran, disrupting billions in revenue, and aggressively targeting both traditional sanctions evasion and the exploitation of digital assets. It warned of potential secondary sanctions on foreign financial institutions and companies, including airlines, that support illicit Iranian commerce or facilitate "toll" payments through the Strait of Hormuz.