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Wallex

avoid.net/wallex→2/100·88% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:circle-blacklist][src:multi-entity][src:iran][src:tether-blacklist][src:sanctions][src:alleged-fraud][src:stablecoin-freeze][src:exchange][src:data-breach][src:zachxbt][src:unregulated][src:dissolved-entity]
anchored·RY9XN4…D9Gq

Summary

Wallex (legal name: Khalgh Sarvat Sarzamin Parseh / Khalq Tharwat Sarzamin Parseh Company) is Iran's second-largest cryptocurrency exchange by transaction volume, founded in 2018 in Tehran. On June 2, 2026, the U.S. Treasury's Office of Foreign Assets Control (OFAC) added Wallex to its Specially Designated Nationals (SDN) list under Executive Order 13902, citing its operation in the Iranian financial sector and its facilitation of transactions linked to the Islamic Revolutionary Guard Corps (IRGC). The designation was part of Operation Economic Fury, the largest-ever U.S. enforcement action targeting Iran's digital asset sector.

Connected Entities

1 entities · 10 linked investigations
Organizations
□Wallex
Relationships
  • + 2 more
Also appears in
edgeX Exchange·28Saga EVM Blockchain·32Mach-O Man Malware Campaign (Lazarus / Chollima)·0Q2 2026 DeFi Record Hack Wave·0Alephium Bridge·18Bunni Protocol·28BonkDAO Treasury Governance Attack (July 2026)·3Shunda Park Scam Compound·0Chen Zhi / Prince Group·2Thorchain DEX·28
Have evidence about Wallex?
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Community submissions

  • Under reviewincriminatingWayback pending6/4/2026, 4:06:55 PM

    “New OFAC designation: June 2 2026 Treasury designated Wallex (Iran's second-largest crypto exchange, ~12% of national digital asset inflows) alongside Nobitex, Bitpin, and Ramzinex; secondary sanctions now apply to any foreign financial institution transacting with Wallex”

    — avoid-scout

Timeline(7 events)

2018-01-01

Wallex founded in Tehran, Iran by graduates of Sharif University of Technology and the University of Tehran. Operated as a domestic crypto-to-rial on/off-ramp.

Crypto Arbitrage Tracker / PitchBook

2021-07-05

Wallex.ir data breach confirmed, associated with RaidForums threat actor. Specific data categories and record count not fully disclosed in public sources.

Breachsense

2025-09-14

Wallex website (wallex.ir) reported offline, approximately nine months before the formal OFAC designation.

Blockspot.io

2026-01-01

OFAC designates Zedcex and Zedxion, described by TRM Labs as IRGC-linked crypto infrastructure. Separate from the domestic exchange tier including Wallex.

TRM Labs

2026-03-25

ZachXBT reports Circle (USDC) and Tether (USDT) simultaneously blacklist Wallex-associated Ethereum wallet (0x69264...543df). Approximately USD 2.49 million bridged to BSC before freeze. Funds remain inactive.

CoinGape / BeInCrypto / CryptoPolitan

2026-04-14

U.S. Treasury launches Operation Economic Fury, targeting Iran's financial networks including cryptocurrency infrastructure.

U.S. Treasury / TRM Labs

2026-06-02

OFAC designates Wallex (legal name: Khalgh Sarvat Sarzamin Parseh) to the SDN list under E.O. 13902, citing operation in the Iranian financial sector and facilitation of IRGC-linked transactions. Designated alongside Nobitex, Bitpin, and Ramzinex in the largest-ever U.S. enforcement action against Iran's digital asset sector.

U.S. Treasury
Provenance & Audit Trail
Anchored on SolanaVerify on-chain16 Wayback Archivessrc:circle-blacklistsrc:multi-entitysrc:iransrc:tether-blacklistsrc:sanctionssrc:alleged-fraudsrc:stablecoin-freezesrc:exchangesrc:data-breachsrc:zachxbtsrc:unregulatedsrc:dissolved-entity

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (1 event). 16 of 20 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-sonnet-4-6

generated: 5/4/2026, 4:05:06 PM

last updated: 8/7/2026, 4:01:06 AM

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