The U.S. Treasury expanded Operation Economic Outcast against Iran’s financial infrastructure through sanctions, financial-sector coordination and targeted action against digital-asset platforms. On June 2, 2026, the Office of Foreign Assets Control (OFAC) designated Iran’s largest crypto exchange, Nobitex, along with Wallex, Bitpin and Ramzinex, citing alleged terrorist financing, links to the Islamic Revolutionary Guard Corps and illicit financial flows. Nobitex processed more than 50% of Iran’s digital-asset inflows in 2025. The campaign also included designations of Nobitex executives such as Amir Hossein Rad, July sanctions on Iran-linked wallets, August sanctions against Shelbit Exchange and Aban Tether, and Tether’s freeze of more than $131 million in associated Tron addresses. Separately, Treasury said its broader operation had produced roughly 78 designations covering 24 individuals, 48 entities and six vessels and convened global financial institutions on Sept. 16, 2026, to disrupt Iranian revenue and procurement networks. The measures extend across digital assets, technology, gold, aviation and shipping under Executive Order 13902, while foreign banks and exchanges face secondary-sanctions risk. Bitbank, a Japan-based exchange, was not included on any U.S. sanctions list and has publicly maintained compliance with OFAC regulations.