U.S. Targets Iranian Crypto Exchanges

The U.S. Treasury just slapped four Iranian crypto exchanges—Nobitex, Wallex, Bitpin, and Ramzinex—under sanctions, cutting off all dollar-based transactions and exposing them as key conduits for Iran’s illicit financial activities, including ransomware payments and support for the IRGC. Treasury Secretary Scott Bessent revealed the U.S. has already seized $1 billion in crypto from Iranian wallets since the conflict began, citing Iran’s economic collapse as proof their sanctions are working. Nobitex is specifically accused of aiding terrorist financing and facilitating asset transfers after U.S. airstrikes. The Treasury also issued a stark warning against any compliance with Iranian “tolls” in the Strait of Hormuz—whether in cash, crypto, or informal transfers—aiming to sever all financial lifelines to Iran’s regime. This is a clear, escalating effort to crush Iran’s digital finance infrastructure. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/0a843105310926d9