U.S. Treasury Department sanctions four Iranian cryptocurrency trading platforms and multiple executives, accusing them of helping to evade sanctions.

Mars Finance news: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced that it has added Iran’s largest cryptocurrency trading platform, Nobitex, as well as three Iranian crypto trading platforms—Wallex, Bitpin, and Ramzinex—to the sanctions list, and imposed sanctions on Nobitex’s chairman and co-founder Amir Hossein Rad, the current CEO Seyed Ali Khoee, and several co-founders and executives.

The U.S. Department of the Treasury accuses Nobitex of handling more than 50% of Iran’s crypto asset inflows in 2025 and of providing support for transactions related to the Islamic Revolutionary Guard Corps (IRGC), ransomware organizations, and sanctions-evasion activities. It also says that Nobitex helped the Central Bank of Iran obtain hundreds of millions of dollars in stablecoin funds. The U.S. side claims that after U.S. military action against Iran, Nobitex also helped transfer and safeguard the assets of the Iranian regime.

In addition, the Treasury said that Iran’s second-largest crypto trading platform, Wallex, as well as Bitpin and Ramzinex, were also found to have links to transactions related to the IRGC. Among them, Wallex received about 12% of Iran’s crypto asset inflows in 2025, Bitpin accounted for approximately 10%, and Ramzinex, founded in 2018, has cumulatively processed more than $2.45 billion in transactions.

The action is part of the Trump administration’s “Economic Fury” maximum-pressure strategy against Iran. The U.S. Department of the Treasury said it will continue to crack down on Iran’s use of digital assets for terrorist financing and sanctions evasion, and retains the power to impose secondary sanctions on foreign financial institutions and companies that assist Iran in illegal trade.