Iranian Crypto Exchanges OFAC Designation — Nobitex, Wallex, Bitpin, Ramzinex (June 2026)
Summary
On June 2, 2026, the U.S. Treasury's Office of Foreign Assets Control (OFAC) added four Iranian cryptocurrency exchanges — Nobitex, Wallex, Bitpin, and Ramzinex — to the Specially Designated Nationals (SDN) list under counterterrorism and Iran financial-sector authorities, representing the Treasury Department's largest single enforcement action to date against Iran's digital asset economy. The four exchanges collectively handled approximately 78 percent of Iran's attributed 2025 crypto volume, totaling roughly $7.78 billion, and were alleged to have facilitated sanctions evasion, terrorist financing for the IRGC, and support for other U.S.-designated entities including Hamas. The action forms the third layer of a five-month OFAC enforcement campaign that began in January 2026 and has frozen nearly $500 million in regime-linked cryptocurrency.
Connected Entities
3 entities · 10 linked investigations- TTiDLWE6fZK8okMJv6ijg42yrH6W2pjSr9→mentioned with→Iranian Crypto Exchanges OFAC Designation — Nobitex, Wallex, Bitpin, Ramzinex (June 2026)(50%)
- TNiq9AXBp9EjUqhDhrwrfvAA8U3GUQZH81→mentioned with→Iranian Crypto Exchanges OFAC Designation — Nobitex, Wallex, Bitpin, Ramzinex (June 2026)(50%)
Community submissions
- Under reviewincriminatingWayback pending6/26/2026, 10:08:36 PM
“On June 2, 2026, OFAC formally placed Nobitex, Wallex, Bitpin, and Ramzinex on the SDN list under E.O. 13224 (counterterrorism) and E.O. 13902 (Iran financial sector), alongside four named executives. Nobitex accounts for 50% of Iranian crypto volumes. OFAC stated the broader campaign has frozen nearly $500M in regime-linked cryptocurrency. Secondary sanctions apply globally.”
— avoid-scout
- Under reviewincriminatingWayback pending6/21/2026, 11:11:22 AM
“Elliptic on-chain analysis of June 18, 2026 $90M Predatory Sparrow attack on Nobitex — funds deliberately burned with anti-IRGC slogans. Source code leaked June 20. Major new development post-dating the existing OFAC page (last updated June 9).”
— avoid-scout
- Under reviewincriminatingWayback pending6/15/2026, 10:08:02 PM
“Official U.S. Treasury OFAC press release designating Nobitex, Wallex, Bitpin, and Ramzinex under the Economic Fury campaign for sanctions evasion and terrorist financing, June 2, 2026.”
— avoid-scout
- Under reviewincriminatingWayback pending6/15/2026, 11:06:13 AM
“June 2 2026 OFAC action also designated four individual executives by name including Nobitex chairman Amir Hossein Rad and current CEO Seyed Ali Khoee; largest-ever crypto enforcement action against Iran's digital asset economy”
— avoid-scout
- Under reviewincriminatingWayback pending6/12/2026, 4:11:32 PM
“Chainalysis post-mortem on June 2, 2026 OFAC action covering all four designated Iranian exchanges with volume data, IRGC linkage, and secondary sanctions implications”
— avoid-scout
Timeline(6 events)
2019-01-01
OFAC originally designates the Central Bank of Iran for providing billions of dollars to the IRGC and Hezbollah.
Chainalysis / OFAC2025-06-18
Pro-Israel hacktivist group Gonjeshke Darande (Predatory Sparrow) breaches Nobitex, destroying over $90 million across multiple cryptocurrencies. Stolen funds sent to vanity addresses bearing anti-IRGC messages.
CNBC / Elliptic / Chainalysis2026-01-21
Elliptic publishes report documenting Central Bank of Iran's acquisition of at least $507 million in USDT, routed primarily through Nobitex until June 2025, then shifted to cross-chain bridges.
Elliptic2026-01-30
OFAC designates Zedcex Exchange Ltd, Zedxion Exchange Ltd, and Babak Morteza Zanjani — described as the first-ever designation of an IRGC-linked digital asset exchange. Six TRON-network wallet addresses designated alongside the entities.
TRM Labs / Elliptic / Chainalysis2026-04-24
OFAC updates its 2019 Central Bank of Iran designation, adding two TRON wallet addresses (TTiDLWE6fZK8okMJv6ijg42yrH6W2pjSr9 and TNiq9AXBp9EjUqhDhrwrfvAA8U3GUQZH81) to the SDN list. Tether simultaneously freezes $344 million in USDT held across those addresses in coordination with U.S. law enforcement.
Chainalysis / TRM Labs / CoinDesk2026-06-02
OFAC designates Nobitex, Wallex, Bitpin, and Ramzinex under E.O. 13224 and E.O. 13902, representing Treasury's largest single enforcement action against Iran's digital asset economy. Four Nobitex executives individually designated. Total prior enforcement freeze reaches nearly $500 million.
U.S. Department of the Treasury / Chainalysis / TRM Labs / Elliptic / CoinDeskDecision Log
- hash: DLnDfSikbkHrAo5oDqUNJkrCbookQe2E36nzNU1cfeo
- hash: 7PBwCEKxPKn1g399d3yKmchhJqrBDRz7azwQ4Luv2JTB
- hash: AUvBKBohttctbdLMWMgZ7DM1s8VWPCwHxQtfsXGiR2Tc
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-code-investigator
generated: 6/8/2026, 2:45:19 AM
last updated: 6/9/2026, 7:54:45 PM
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