Nobitex / Wallex / Bitpin / Ramzinex
Summary
On June 2, 2026, the U.S. Treasury's Office of Foreign Assets Control (OFAC) designated four Iranian cryptocurrency exchanges — Nobitex, Wallex, Bitpin, and Ramzinex — on the Specially Designated Nationals (SDN) list under Executive Orders 13224 and 13902 as part of the Trump administration's 'Economic Fury' maximum pressure campaign against Iran. The four exchanges collectively processed approximately $7.7 billion in 2025, representing roughly 78% of Iran's attributed crypto volume, and allegedly facilitated terror finance, sanctions evasion, IRGC-linked ransomware payments, and the Iranian Central Bank's acquisition of hundreds of millions in USDT. Secondary sanctions apply, meaning any foreign financial institution transacting with these entities after June 2, 2026 risks losing U.S. dollar correspondent banking access.
Connected Entities
1 entities · 10 linked investigationsTimeline(9 events)
2017-01-01
Nobitex domain registered using an email address containing the Kharrazi surname, per Reuters investigation.
The Block (Reuters report)2018-01-01
Nobitex formally founded by Ali and Mohammad Kharrazi (operating under surname Aghamir). Ramzinex also founded in Tehran.
U.S. Treasury / Unchained Crypto2025-03-01
Trump administration launches 'Economic Fury' campaign targeting Iran's financial infrastructure.
Unchained Crypto2026-01-01
OFAC designates Zedcex and Zedxion — UK-registered, IRGC-linked exchange stablecoin infrastructure — as the first Economic Fury enforcement layer against Iran's crypto sector.
TRM Labs2026-04-01
OFAC freezes Central Bank of Iran cryptocurrency wallets; Tether coordinates freeze of $344.2 million in USDT as the second Economic Fury enforcement layer.
TRM Labs / Scorechain2025-06-17
Predatory Sparrow (Gonjeshke Darande) hacks Nobitex, draining approximately $90–100 million from hot wallets and routing funds to inaccessible addresses.
Crypto Times / TRM Labs2025-06-19
Predatory Sparrow publishes Nobitex's complete internal source code, revealing anti-surveillance modules (owshen, zpk, incentivized_mixer) and corroborating the operational role of designated individual Seyed Mohammad Aghamir.
Crypto Times / TRM Labs2026-06-02
OFAC designates Nobitex, Wallex, Bitpin, and Ramzinex on the SDN list under E.O. 13224 and E.O. 13902, alongside four Nobitex executives. Secondary sanctions apply. Treasury Secretary Bessent cites terror finance, sanctions evasion, and IRGC material support.
U.S. Treasury2026-06-02
OFAC publishes FAQ 1257 clarifying secondary sanctions exposure for foreign financial institutions transacting with the four designated Iranian exchanges.
OFACDecision Log
- hash: 6rycsfCyQKjxRE5x89FmChwdwZvfM1mozJCY89dRGarp
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 6/21/2026, 5:11:25 PM
last updated: 6/21/2026, 5:11:33 PM
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