The United States has sanctioned Iranian exchanges, frozen nearly $1 billion in cryptocurrency, and traced $3.84 billion in Iran-linked flows through a single offshore exchange, exposing the scale of sanctions evasion through digital assets.
Summary
- The US Treasury has sanctioned four Iranian cryptocurrency exchanges, including Nobitex, which handles approximately 50% of Iran’s crypto trading volume, as part of Operation Economic Fury launched in April 2026.
- Treasury has seized or frozen nearly $1 billion in cryptocurrency from Iranian exchanges and wallets since the US-Israeli strikes on Tehran in February, including a $344 million USDT freeze in April and a $131 million freeze…
