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Iran crypto giant Nobitex hit by sanctions questions: Reuters

Iran crypto giant Nobitex hit by sanctions questions: Reuters

Iran’s largest crypto exchange, Nobitex, is facing fresh scrutiny after Reuters reported that two brothers from Iran’s influential Kharrazi family founded the platform under an alternative surname.

Summary

  • Reuters said Nobitex was founded by brothers from a powerful political family under another surname.
  • Nobitex denied state links while investigators cited transactions tied to sanctioned Iranian entities and users.
  • Crypto withdrawals from Nobitex rose sharply after Tehran strikes, though analysts differed on the cause.

The report comes as blockchain data shows rising crypto movements from Iran during conflict-related stress. Nobitex has denied government links…

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