The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) recently designated four 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,” Treasury Secretary Scott Bessent said.
The asset exchanges are:
Nobitex processed more than 50 percent of all Iranian digital asset inflows in 2025. The company allegedly facilitated payments tied to Iran’s terrorist activities, sanctions evasion efforts, and Islamic Revolutionary Guard Corps-linked transactions; helped the Central Bank of Iran access hundreds of millions of dollars in stablecoins; and protected and moved assets and funds out of Iran to shield regime wealth despite internet blackouts.
Wallex is Iran’s second-largest digital asset exchange by volume and received 12 percent of all Iranian digital asset inflows in 2025.
Bitpin received 10 percent of all Iranian digital asset inflows in 2025 and has processed millions of dollars’ worth of transactions. The company’s investors reportedly have been linked to Iranian efforts to evade U.S. sanctions.
Ramzinex has processed more than $2.45 billion in transactions and has been used for sanctions evasion.