Aban Tether
Summary
Aban Tether (Persian: آبان تتر) is an Iran-based cryptocurrency exchange specializing in USDT stablecoin trading that was designated by the U.S. Treasury's Office of Foreign Assets Control (OFAC) on August 7, 2026, for facilitating illicit cryptocurrency activity and sanctions evasion in support of Iran's Islamic Revolutionary Guard Corps (IRGC). The exchange is alleged to have processed millions of dollars in transactions involving previously designated Iranian platforms including Nobitex, Wallex, Bitpin, and Ramzinex, functioning as a conduit node within Iran's sanctioned crypto infrastructure. Its designation under Executive Order 13902 carries secondary sanctions risk for any global exchange, protocol, or institution that transacts with Aban Tether addresses.
Connected Entities
1 entitiesTimeline(7 events)
2018-01-01
Aban Tether founded in Iran, approximately circa 2018, by graduates of Sharif University of Technology, according to secondary sources. Exact founding date unverified by Tier 1 sources.
Myindustry Consulting Group (Tier 3)2022-01-01
Aban Tether reportedly received a knowledge-based company certification from Iran's Vice Presidency for Science and Technology. Exact date unverified.
Secondary sources (Tier 3)2026-01-01
OFAC designates Zedcex and Zedxion, Iranian exchange-branded stablecoin infrastructure entities with alleged IRGC connections, handling approximately USD 1 billion. First wave of 2026 Iran crypto enforcement.
TRM Labs2026-04-28
OFAC updates the Central Bank of Iran SDN designation with new cryptocurrency wallet addresses linked to the IRGC-Qods Force and Hezbollah. Tether freezes USD 344 million in USDT in coordination with U.S. law enforcement.
CryptoTimes / Chainalysis2026-06-02
OFAC designates Nobitex, Wallex, Bitpin, and Ramzinex under the Economic Fury campaign. The four exchanges collectively processed approximately 78% of Iran's 2025 attributed crypto volume of USD 9.9 billion. Four Nobitex executives also designated.
U.S. Department of the Treasury press release sb05192026-07-16
OFAC adds four more Iran Central Bank crypto wallets to the SDN list; Tether freezes an additional USD 131 million in USDT.
CoinDesk2026-08-07
OFAC designates Aban Tether pursuant to Executive Order 13902 for operating in the financial sector of the Iranian economy and for facilitating illicit cryptocurrency activity and sanctions evasion in support of the IRGC. Designated in the same action as Shelbit Exchange. Treasury Secretary Scott Bessent issues statement: 'Whether in dollars, rials, or crypto, Treasury will hunt down and dismantle the illicit financial networks that keep the regime afloat.'
U.S. Department of the Treasury press release sb0598Decision Log
- #1publish⛓ pending8/7/2026, 11:09:41 PMhash: 5w2DS1AK9a4pyKiTMBcyRs8JCaLii3cmV2zQ5dS93exa
13 of 16 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 8/7/2026, 11:09:32 PM
last updated: 8/8/2026, 4:12:20 AM
avoid.net — verified advice for a post-truth world