U.S. Treasury Sanctions Iran's Nobitex, Seizes $1B in Crypto Assets

According to the U.S. Treasury, the Office of Foreign Assets Control (OFAC) sanctioned Iran's Nobitex exchange and three other digital asset platforms this week as part of its expanded "Economic Fury" campaign. Nobitex facilitated approximately 50% of all Iranian crypto inflows in 2025, with some funds reportedly tied to Iran's military and the Islamic Revolutionary Guard Corps (IRGC). The individuals sanctioned include Nobitex Chairman Amir Hossein Rad, Founder Seyed Mohammad, and CEO Sayed Ali Khoee.

U.S. Treasury Secretary Scott Bessent stated the action targets Iran's use of crypto to "evade sanctions and transfer wealth," and disclosed that the U.S. had previously seized $1 billion in crypto assets linked to the Iranian government.