PANews, June 3rd — According to The Block, the U.S. Treasury Department on Tuesday imposed sanctions on Nobitex, Iran’s largest crypto exchange, and three other local trading platforms as part of the Trump administration’s “Economic Fury” operation targeting Iran’s financial network. The Treasury’s Office of Foreign Assets Control (OFAC) stated that Nobitex processed over 50% of all digital asset inflows into Iran in 2025, playing a key role in sanctions evasion, terrorism financing, and transactions linked to Iran’s Islamic Revolutionary Guard Corps. Sanctions were also extended to Nobitex’s chairman and co-founder, current CEO, and two other co-founders. The Treasury further sanctioned Wallex, Bitpin, and Ramzinex, accusing them of facilitating transactions for the Revolutionary Guard and other sanctioned entities.
This sanction announcement came less than a week after the U.S. Treasury Secretary said the U.S. had seized approximately $1 billion in Iranian crypto assets. However, the data in Tuesday’s announcement still cited the previous estimate of nearly $500 million, creating a discrepancy between the two figures.
