Particle.news
Get it on Google Play
Download on the App Store
29 ARTICLES
·
last wk.

U.S. Blacklists Nobitex and Three Iranian Crypto Exchanges

Treasury aims to force intermediaries to block Iranian crypto flows through SDN listings with personal executive designations.

Signage is seen at the United States Department of the Treasury headquarters in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly/File Photo
FILE - The Treasury Department building is pictured at dusk in Washington, June 6, 2019. (AP Photo/Patrick Semansky, File)
Treasury Secretary Scott Bessent listens to a reporter's question in the James Brady Press Briefing Room at the White House, Thursday, May 28, 2026, in Washington. (AP Photo/Mark Schiefelbein)
Image

Overview

  • On Tuesday, June 2, the U.S. Treasury’s Office of Foreign Assets Control added Nobitex, Wallex, Bitpin and Ramzinex to the Specially Designated Nationals list and froze any U.S. property interests tied to them.
  • OFAC also named senior Nobitex figures including chairman Amir Hossein Rad and CEO Seyed Ali Khoee, using counterterrorism and Iran financial‑sector authorities to expose counterparties to secondary sanctions risk.
  • Treasury said Nobitex processed more than half of Iran’s crypto inflows in 2025 and helped the Central Bank of Iran and IRGC‑linked actors access stablecoins and move funds, including transfers tied to alleged ransomware activity.
  • The designations amplify pressure on stablecoin issuers, exchanges and other intermediaries to block or freeze Iranian‑linked addresses and follow blockchain forensics to trace and seize regime‑linked assets.
  • The action is part of the administration’s 'Economic Fury' campaign, which Treasury says has seized roughly $1 billion in Iranian crypto and aims to choke alternative finance channels Iran uses after being cut off from global banking.