# US‑Iran cryptocurrency sanctions campaign > Live situation record from CLSTR: https://clstr.news/situations/us-iran-crypto-sanctions-enforcement > Updated: 2026-07-01T07:44:35.000Z. Sources: 35. Developments: 13. Since May 2026 the U.S. Treasury has used Operation Economic Fury to freeze and seize billions of dollars in crypto tied to Iranian networks, adding exchanges such as Nobitex, Wallex, Bitpin and Ramzinex to its sanctions list. In June the Treasury broadened sanctions to include an Iran‑linked technology procurement network operating in Italy and the United States, while Iranian officials protested the $1 billion stable‑coin seizure. A Wall Street Journal report on 25 June, based on TRM Labs analysis, documented more than $3.84 billion flowing through the Seychelles‑based exchange CoinEx from 2019‑2026, with Nobitex serving as the on‑ramp. CoinEx, which denies any state connection, says it has upgraded KYC and transaction‑monitoring and now blocks registrations from Iranian IP addresses. Regulators view the findings as evidence that centralized exchanges can circumvent sanctions, raising the prospect of further enforcement. In early July Israel’s National Bureau for Counter‑Terror Financing sanctioned 37 crypto accounts linked to the IRGC after they transferred roughly 24 million shekels to Hezbollah and other proxies. The U.S. Treasury warned that Iran is also using digital currencies to fund terrorism and to demand crypto tolls in the Strait of Hormuz. Concurrently, U.S. lawmakers are debating the CLARITY Act, which would modify AML/CTF obligations for crypto firms and could create loopholes for sanctioned actors such as Iran, North Korea, Russia and China. The combined U.S. and Israeli actions demonstrate an expanding, coordinated effort to choke Iran’s illicit digital‑asset channels while tightening scrutiny of exchanges that lack robust anti‑money‑laundering controls. ## Timeline ### 2026-07-01: Iran's crypto funding of Hezbollah triggers Israeli sanctions and US legislative debate Israel sanctioned 37 crypto accounts tied to Iran’s IRGC that funded Hezbollah, while U.S. officials warn Iran exploits digital currencies and debate a bill that could loosen AML rules for crypto firms. 2 sources. https://clstr.news/cluster/irans-crypto-funding-of-hezbollah-triggers-israeli-sanctions-and-us-legislative-debate ### 2026-06-25: CoinEx linked to $3.84 billion Iran‑related crypto flows TRM Labs says over $3.84 billion in Iran‑linked crypto passed through CoinEx via Nobitex from 2019‑2026, sparking U.S. sanctions scrutiny; CoinEx denies ties and is tightening KYC. 13 sources. https://clstr.news/cluster/coinex-used-by-iran-to-move-38-billion-in-crypto-bypassing-us-sanctions ### 2026-06-11: Trump orders new US strikes on Iran and freezes crypto assets The US hit Iranian targets near the Strait of Hormuz, struck a tanker killing Indian sailors, and froze $344 M in Iranian crypto wallets, intensifying pressure on Iran ahead of a peace deal. 2 sources. https://clstr.news/cluster/trump-orders-new-us-strikes-on-iran-and-freezes-crypto-assets ### 2026-06-10: US Treasury sanctions nine entities tied to Iran's weapons procurement The US Treasury’s OFAC sanctioned nine individuals and firms across Iran, Turkey, UAE, China and Hong Kong for facilitating weapons procurement for the IRGC and Iran’s Ministry of Defense. 2 sources. https://clstr.news/cluster/us-treasury-sanctions-nine-entities-tied-to-irans-weapons-procurement ### 2026-06-09: Iran condemns US seizure of $1 billion in cryptocurrency, cites Shakespeare Iran’s foreign ministry called the U.S. a “dwarfish thief” after Washington seized about $1 billion in cryptocurrency linked to Iran, demanding the assets’ return while the U.S. has not replied. 2 sources. https://clstr.news/cluster/iran-condemns-us-seizure-of-1-billion-in-cryptocurrency-cites-shakespeare ### 2026-06-03: US Sanctions Iran’s Largest Crypto Exchange Nobitex and Three Others The U.S. Treasury sanctioned Iran’s top crypto exchange Nobitex and three others for sanctions evasion, terrorism financing and ransomware links, also freezing about $1 bn in crypto assets. 2 sources. https://clstr.news/cluster/us-sanctions-irans-largest-crypto-exchange-nobitex-and-three-others ### 2026-06-03: US Imposes Sanctions on Iran’s Nobitex Crypto Platform The U.S. Treasury sanctioned Iran’s leading crypto exchange Nobitex and three other platforms for IRGC‑linked transactions, ransomware payments and sanctions evasion, freezing their U.S. assets. 2 sources. https://clstr.news/cluster/us-imposes-sanctions-on-irans-nobitex-crypto-platform ### 2026-06-03: US sanctions target Iranian tech procurement network operating in Italy and the US US sanctions hit an Iranian tech‑procurement network spanning Rome and California, targeting individuals who illegally sourced advanced U.S. equipment for Iran’s defence and nuclear sectors. 2 sources. https://clstr.news/cluster/us-sanctions-target-iranian-tech-procurement-network-operating-in-italy-and-the-us ### 2026-06-02: United States sanctions Iran-linked crypto exchanges including Nobitex The U.S. Treasury sanctioned four Iran-linked crypto exchanges—including Nobitex—citing their role in evading sanctions and moving capital abroad, under the “Economic Fury” policy. 2 sources. https://clstr.news/cluster/united-states-sanctions-iran-linked-crypto-exchanges-including-nobitex ### 2026-06-01: US seizes $1 billion in crypto assets from Iran U.S. Treasury Secretary Scott Bessent announced the seizure of about $1 billion in Iranian crypto, mainly stablecoins, as part of a wider sanctions and military campaign against Iran. 2 sources. https://clstr.news/cluster/us-seizes-1-billion-in-crypto-assets-from-iran ### 2026-05-31: US Seizes $1 B of Iranian Crypto, Sparking Critique by Canadian Billionaire US Treasury seized about $1 billion in Iranian cryptocurrency, including Bitcoin, prompting Canadian billionaire Frank Giustra to claim the move disproves crypto’s “digital gold” narrative. 2 sources. https://clstr.news/cluster/us-seizes-1-b-of-iranian-crypto-sparking-critique-by-canadian-billionaire ### 2026-05-29: U.S. Treasury sanctions Iranian procurement network over defense fraud U.S. Treasury sanctions an Iranian procurement network, freezing $500 million in crypto assets and targeting eight individuals and five entities for defense‑related fraud. 2 sources. https://clstr.news/cluster/us-treasury-sanctions-iranian-procurement-network-over-defense-fraud ### 2026-05-21: US freezes $500 million of Iranian-linked cryptocurrency assets The U.S. seized about $500 million in crypto linked to Iran, including $344 million in USDT, under Operation Economic Fury, as Iran’s crypto holdings total roughly $7.7 billion. 3 sources. https://clstr.news/cluster/us-freezes-500-million-of-iranian-linked-cryptocurrency-assets --- Cite as: US‑Iran cryptocurrency sanctions campaign. CLSTR, https://clstr.news/situations/us-iran-crypto-sanctions-enforcement