According to Reuters, Iran’s largest cryptocurrency exchange, Nobitex, has transferred at least $2.3 billion since 2023 via Tron and BNB Smart Chain, with some funds linked to entities under U.S. sanctions, including Iran’s Central Bank (CBI), IRGC, Hamas, and Hezbollah. Data from blockchain analytics firms Arkham and Elliptic show over $2 billion in transactions on Tron and approximately $317 million on BNB Smart Chain, with tens of millions of dollars still flowing since the outbreak of hostilities.
Iran's Nobitex Exchange Linked to $2.3 Billion in Crypto Transfers
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Summary
On-chain data reveals that Iran’s Nobitex, a major crypto exchange, has facilitated over $2.3 billion in crypto transfers since 2023, primarily via Tron and BNB Smart Chain. Blockchain analytics from Arkham and Elliptic show $2 billion on Tron and $317 million on BNB Smart Chain. Some of these funds are linked to U.S.-sanctioned entities, including Iran’s Central Bank, the IRGC, Hamas, and Hezbollah.
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