The Economic Times

One of Iran's most powerful families founded its largest crypto exchange. It's used by the IRGC to move millions

Iran's largest cryptocurrency exchange, Nobitex, is controlled by the sons of the influential Kharrazi family, who concealed their ties for years. The exchange has processed millions for sanctioned entities like the IRGC and Iran's central bank, acting as a conduit to the global economy. Nobitex denies direct government connections or assisting the state.