WASHINGTON-Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Nobitex, Iran’s largest digital asset exchange, along with three other Iranian digital asset exchanges, as part of Economic Fury and the Trump Administration’s efforts to eliminate the threat posed by the Iranian regime.
“While Iran’s economy is in free fall, the regime has chosen to co-opt digital asset technologies for its own corrupt agenda, including evading sanctions and transferring wealth out of the country. Iran’s current economic chaos is proof that President Trump’s maximum pressure campaign has been a success,” said Secretary of the Treasury Scott Bessent. “As promised, Treasury will continue to follow the money in support of Economic Fury, whether it is through the banking system or through digital assets, to prevent the regime from developing a nuclear weapon.”
Nobitex has provided significant support to the regime, processing more than 50 percent of all Iranian digital asset inflows in 2025 and facilitating payments tied to Iran’s terrorist activities, sanctions evasion efforts, and Islamic Revolutionary Guard Corps (IRGC)-linked transactions, including activity associated with IRGC-affiliated ransomware actors. Nobitex also helped the Central Bank of Iran access hundreds of millions of dollars in stablecoins used to prop up the plummeting value of the Iranian rial, while enabling regime insiders to access international digital asset exchanges and evade sanctions across multiple jurisdictions. Following the commencement of U.S. combat operations in Iran, Nobitex played a role in protecting and moving assets and funds out of Iran to shield regime wealth despite internet blackouts. OFAC today also designated Amir Hossein Rad-Nobitex’s chairman, co-founder, and former CEO-as well as numerous other Nobitex leaders and officials.