The U.S. Treasury Department's Economic Fury campaign has designated Iran's largest digital asset exchange, Nobitex, along with three other exchanges and key leadership, for facilitating IRGC-linked transactions, sanctions evasion, and terror finance. The action is part of the NSPM-2 maximum pressure strategy during ongoing U.S. combat operations in Iran.

Individuals Designated:

  • Amir Hossein Rad (Iranian) - Nobitex chairman, co-founder, and former CEO who helped reconstitute operations after a $90 million hack in June 2025.
  • Seyed Mohammad Ali Aghamir Mohammad Ali (Iranian) - Nobitex co-founder and member of the Kharrazi family, part of Supreme Leader Khamenei's inner circle.
  • Seyed Mohammad Aghamir Mohammad Ali (Iranian) - Nobitex co-founder and blockchain lead, member of the Kharrazi family.
  • Seyed Ali Khoee (Iranian) - Current Nobitex CEO, previously director of product and marketing.

Entities Designated:

  • Nobitex (Tehran) - Iran's largest digital asset exchange, processing over 50% of Iranian crypto inflows, facilitated IRGC ransomware payments and Central Bank of Iran stablecoin access worth hundreds of millions.
  • Wallex (Iran) - Second-largest Iranian exchange by volume, received 12% of Iranian crypto inflows in 2025, facilitated IRGC-linked transactions.
  • Bitpin (Iran) - Digital asset exchange receiving 10% of Iranian crypto inflows, processed millions in IRGC-linked transactions, investors reportedly tied to sanctions evasion.
  • Ramzinex (Tehran) - Exchange founded in 2018, processed $2.45 billion including IRGC and Iranian government-backed financial institution transactions.

Key Technical Details:

  • The State Department offers a $15 million reward for information disrupting IRGC financial mechanisms.
  • Treasury references FAQ 1250 and FAQ 1257 for Iranian digital asset sanctions risk guidance.
  • Economic Fury has frozen nearly $500 million in regime-linked cryptocurrency.
  • Treasury recently designated Iran's "Persian Gulf Strait Authority" for a Strait of Hormuz extortion scheme on May 27, 2026.

The designations were made under Executive Order 13224 (counterterrorism) and Executive Order 13902 (Iranian financial sector).