The U.S. sanctions Nobitex crypto exchange used by ransomware

OFAC sanctioned Nobitex for facilitating ransomware payments linked to Iran's IRGC. The exchange processed over 50 percent of Iranian digital asset inflows in 2025. U.S. authorities found wallets tied to IRGC-affiliated ransomware actors and identified executives including Amir Hossein Rad and Seyed Ali Khoee. The action targets Nobitex and three other Iranian exchanges: Wallex, Bitpin, and Ramzinex.