The U.S. government has announced sanctions against Iran's largest cryptocurrency trading platform to pressure Iran into agreeing to end the war under U.S. terms and conditions.
On Tuesday, 2 Jun 2026 GMT+7, the U.S. government under President Donald Trump announced sanctions against Iran's largest cryptocurrency trading platform as part of efforts to pressure Iran to accept U.S. terms and reach a peace agreement, despite stalled negotiations.
The sanctions target the company Nobitex, its CEO, three co-founders, and three other Iranian cryptocurrency trading platforms.
The U.S. Treasury Department accused Nobitex of "providing financial transaction services related to Iran's terrorist activities, sanction evasion efforts, and transactions linked to the Islamic Revolutionary Guard Corps (IRGC) and ransomware groups associated with the IRGC."
"Additionally, Nobitex assisted Iran's central bank in accessing stablecoins worth hundreds of millions of dollars to support the plummeting Iranian rial, while enabling government insiders to access international digital asset trading platforms and evade sanctions across multiple jurisdictions."
The Treasury Department further stated, "Following the start of U.S. military operations in Iran, Nobitex played a role in protecting and transferring assets and funds out of Iran to safeguard the regime's wealth, even amid internet shutdowns."
According to multiple independent cryptocurrency tracking firms, in 2025, pro-Israel hacker groups stole approximately 90 million U.S. dollars worth of cryptocurrency from Nobitex.
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Source:cnn