The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated four Iranian cryptocurrency exchanges on June 2, representing the largest single enforcement action ever taken against Iran’s digital asset economy.
The exchanges sanctioned are:
Nobitex: Iran’s largest crypto exchange, handling over 50% of all Iranian digital asset inflows in 2025
Wallex: Iran’s second-largest exchange, accounting for 12% of Iranian crypto inflows
Bitpin: Received 10% of Iranian digital asset inflows in 2025
Ramzinex: Founded in 2018, processed over $2.45 billion in lifetime transactions
Four Nobitex executives were also personally designated, including chairman and former CEO Amir Hossein Rad, current CEO Seyed Ali Khoee, and two co-founders connected to Supreme Leader Khamenei’s inner circle through family ties to the Kharrazi family.
Read more: coinedition.com
