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Bitpin

avoid.net/bitpin→4/100·88% conf.
[AI-DRAFTED · AWAITING VERIFICATION]
anchored·YWLtt4…BNZe

Summary

Bitpin (legal name: Nooyan Bitpin, also known as Sana Ayman Mubadala) is an Iranian cryptocurrency exchange founded in 2020 and headquartered in the Anzali Free Zone, Gilan, Iran. On June 2, 2026, the U.S. Treasury's Office of Foreign Assets Control (OFAC) designated Bitpin on the Specially Designated Nationals (SDN) list under Executive Orders 13224 and 13902, citing IRGC-linked transactions, sanctions evasion, and investors with alleged ties to circumventing U.S. restrictions. Bitpin accounted for approximately 10% of Iranian digital asset inflows in 2025 and processed an estimated USD 821 million in volume that year, making it Iran's third-largest exchange by that metric among the four simultaneously designated platforms.

Connected Entities

1 entities · 10 linked investigations
Organizations
□Bitpin
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    Timeline(3 events)

    2020-01-01

    Bitpin (registered as Nooyan Bitpin) established as an Iranian cryptocurrency exchange, headquartered in the Anzali Free Zone, Bandar Anzali, Gilan, Iran.

    OFAC SDN List Entry / CoinMarketCap

    2025-12-31

    Bitpin accounts for approximately 10% of all Iranian digital asset inflows during 2025, processing an estimated USD 821 million in on-chain volume according to TRM Labs analysis, making it Iran's third-largest crypto exchange by that metric.

    TRM Labs / U.S. Department of the Treasury

    2026-06-02

    OFAC designates Bitpin on the SDN list under E.O. 13224 (IRGC material support) and E.O. 13902 (Iran financial sector), as part of the 'Economic Fury' campaign. Designation is simultaneous with Nobitex, Wallex, and Ramzinex. Secondary sanctions apply. This is described by Treasury as the largest-ever U.S. enforcement action against Iran's digital asset economy.

    U.S. Department of the Treasury Press Release / OFAC
    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 6/4/2026, 5:10:53 PM

    last updated: 6/4/2026, 5:11:01 PM

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