Odaily Planet Daily reports that Nobitex, Iran's largest cryptocurrency exchange, was founded by a member of the Kharrazi family, closely linked to Iran's supreme leadership. Investigations reveal that the exchange was established by brothers Ali and Mohammad Kharrazi, who previously used the surname "Aghamir" to conceal their connection to the Kharrazi family—a family with longstanding ties to Iran's political core, including historical connections to Ali Khamenei and his successors.
Reports indicate that Nobitex currently serves over 11 million users, dominates Iran’s cryptocurrency market, and continued operations during the conflict between Iran and the U.S. and Israel, processing transactions even amid nationwide internet outages. Analysts note that trading volume exceeded $100 million during the conflict, with significant capital flowing overseas.
In addition, multiple on-chain analytics firms have noted that the platform previously processed transactions linked to sanctioned entities, with estimated volumes ranging from $22 million to $366 million. Additional data shows that wallets associated with Iran’s central bank transferred hundreds of millions of dollars in crypto assets to Nobitex in 2025, allegedly to circumvent financial sanctions. Nobitex has denied any ties to the government and stated that illicit transactions constitute only a small fraction of its overall business. (Cointelegraph)