Nobitex / Wallex / Bitpin / Ramzinex
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 0 → 26. Problems weighed by who is responsible: the subject's own conduct −150, concerns that are not fraud −16, incidents the subject suffered −6; legitimacy credit long-running +10; serious regulatory wrongdoing with no established harm to customers is held in WARNING (26–50); fact-check adjustments (−12) now shown as page reliability, not in the score. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -150 |
| Concerns that are not fraud | -16 |
| Incidents it suffered (e.g. hacks) | -6 |
| Long-running | +10 |
| Sum | -97 |
- Serious regulatory wrongdoing with no established harm to customers is held in WARNING (26–50).
Score: 26/100 (kept between 0 and 100)
How scoring works →Summary
On June 2, 2026, the U.S. Treasury's Office of Foreign Assets Control (OFAC) designated four Iranian cryptocurrency exchanges — Nobitex, Wallex, Bitpin, and Ramzinex — on the Specially Designated Nationals (SDN) list under Executive Orders 13224 and 13902 as part of the Trump administration's 'Economic Fury' maximum pressure campaign against Iran. The four exchanges collectively processed approximately $7.7 billion in 2025, representing roughly 78% of Iran's attributed crypto volume, and allegedly facilitated terror finance, sanctions evasion, IRGC-linked ransomware payments, and the Iranian Central Bank's acquisition of hundreds of millions in USDT. Secondary sanctions apply, meaning any foreign financial institution transacting with these entities after June 2, 2026 risks losing U.S. dollar correspondent banking access.
Connected Entities
9 entities · 60 linked investigations- Amir Hossein Rad→mentioned with→Predatory Sparrow (Gonjeshke Darande)(75%)
- Amir Hossein Rad→mentioned with→Nobitex(80%)
- Predatory Sparrow (Gonjeshke Darande)→mentioned with→Nobitex(80%)
- Predatory Sparrow (Gonjeshke Darande)→mentioned with→Ethereum(70%)
- Predatory Sparrow (Gonjeshke Darande)→mentioned with→Bitcoin(70%)
- Ethereum→mentioned with→Bitcoin(60%)
- Nobitex / Wallex / Bitpin / Ramzinex→mentioned with→Ethereum(70%)
- Nobitex / Wallex / Bitpin / Ramzinex→mentioned with→Predatory Sparrow (Gonjeshke Darande)(75%)
- Nobitex / Wallex / Bitpin / Ramzinex→mentioned with→Bitcoin(65%)
- Nobitex / Wallex / Bitpin / Ramzinex→mentioned with→Nobitex(80%)
- + 13 more
1 submission awaiting moderator review.
Timeline(9 events)
2017
Nobitex domain registered using an email address containing the Kharrazi surname, per Reuters investigation.
The Block (Reuters report)2018
Nobitex formally founded by Ali and Mohammad Kharrazi (operating under surname Aghamir). Ramzinex also founded in Tehran.
U.S. Treasury / Unchained CryptoMarch 2025
Trump administration launches 'Economic Fury' campaign targeting Iran's financial infrastructure.
Unchained Crypto2026
OFAC designates Zedcex and Zedxion — UK-registered, IRGC-linked exchange stablecoin infrastructure — as the first Economic Fury enforcement layer against Iran's crypto sector.
TRM LabsApril 2026
OFAC freezes Central Bank of Iran cryptocurrency wallets; Tether coordinates freeze of $344.2 million in USDT as the second Economic Fury enforcement layer.
TRM Labs / Scorechain17 June 2025
Predatory Sparrow (Gonjeshke Darande) hacks Nobitex, draining approximately $90–100 million from hot wallets and routing funds to inaccessible addresses.
Crypto Times / TRM Labs19 June 2025
Predatory Sparrow publishes Nobitex's complete internal source code, revealing anti-surveillance modules (owshen, zpk, incentivized_mixer) and corroborating the operational role of designated individual Seyed Mohammad Aghamir.
Crypto Times / TRM Labs2 June 2026
OFAC designates Nobitex, Wallex, Bitpin, and Ramzinex on the SDN list under E.O. 13224 and E.O. 13902, alongside four Nobitex executives. Secondary sanctions apply. Treasury Secretary Bessent cites terror finance, sanctions evasion, and IRGC material support.
U.S. Treasury2 June 2026
OFAC publishes FAQ 1257 clarifying secondary sanctions exposure for foreign financial institutions transacting with the four designated Iranian exchanges.
OFACDecision Log
- slot 457556592 · hash Am6MCxfVF3caeFsJZKvaM9wsM28SuATpSLeg4ytyjQM1
- slot 455361609 · hash 5t7vrqDeCXGucy5pRVbcH6djmuPAneXQXxznSBrkmCKt
- slot 443518389 · hash 9YPRCE9Mr1ciDrvcGjfwzVFKV4eFBU3qf6YpsEst4dwF
- slot 443518384 · hash 5apMNZaHKXrQ4E76m2uGwP3V2kvzymAr2sdTJQgGYfuA
- slot 427983820 · hash 6rycsfCyQKjxRE5x89FmChwdwZvfM1mozJCY89dRGarp
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 15 of 15 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 6/21/2026, 5:11:25 PM
last updated: 10/10/2026, 6:42:09 PM
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