{"id":88760,"date":"2026-05-02T10:46:37","date_gmt":"2026-05-02T10:46:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=88760"},"modified":"2026-05-02T10:46:37","modified_gmt":"2026-05-02T10:46:37","slug":"inside-irans-largest-crypto-exchange-sanctions-evasion-and-close-ties-to-the-new-supreme-leader","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=88760","title":{"rendered":"Inside Iran\u2019s Largest Crypto Exchange: Sanctions Evasion And Close Ties To The New Supreme Leader"},"content":{"rendered":"
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A new Reuters investigation has raised serious questions about Iran\u2019s largest cryptocurrency exchange, Nobitex, describing it as a major channel in a parallel financial system that helps money move around US sanctions\u2014using both the country\u2019s security-linked institutions and everyday users.<\/p>\n

Even more concerning, the report says the exchange is controlled by two sons from the influential Kharrazi family, a powerful political and clerical clan closely connected to Iran\u2019s new supreme leader.\u00a0<\/p>\n

Crypto Moves Linked To Sanctions<\/h2>\n

Nobitex was launched in 2018 by brothers Ali and Mohammad Kharrazi, who created the business under an alternative family name. According <\/a>to Reuters, the company claims it has about 11 million users\u2014more than 10% of Iran\u2019s population.\u00a0<\/p>\n

Reuters reports that ordinary Iranians have turned to the platform as they face a \u201cweak rial and persistent inflation,\u201d along with barriers that make traditional banking less accessible.\u00a0<\/p>\n

At the same time, Reuters says the exchange has processed transactions worth between \u201ctens of millions and hundreds of millions of dollars\u201d connected to sanctioned groups, including Iran\u2019s central bank and the Islamic Revolutionary Guard Corps (IRGC).<\/p>\n

The investigation adds that Nobitex is not just serving consumers, but also functions as a route for the Iranian state to move money to allies outside the conventional banking system<\/a>.\u00a0<\/p>\n

Reuters based parts of this claim on blockchain analysis carried out by Crystal Intelligence, as well as interviews with four private financial investigators. To understand how the exchange operates in practice, Reuters spoke with nine Iranians who said they worked for or with Nobitex.<\/p>\n

Nobitex Pushes Back<\/h2>\n

Six of the former employees interviewed by Reuters said they believed the crypto exchange was used by Iran\u2019s government and security agencies to bypass Western financial sanctions<\/a>.\u00a0<\/p>\n

Nobitex disputes that account, telling Reuters there had never been any agreement with any Iranian government agency, and that none of the employees interviewed by Reuters knew of one.<\/p>\n

In its response, Nobitex said it has instead faced significant operational restrictions imposed by the Iranian government. The exchange cited office raids, domain blocking, and closures of banking gateways. Nobitex argued that these actions are inconsistent with the idea that it receives governmental support.<\/p>\n

The report also links the brothers behind Nobitex to Iran\u2019s ruling establishment <\/a>through family history.\u00a0Ali and Mohammad Kharrazi are the third generation of their family tied closely to the country\u2019s leadership since the 1979 Islamic Revolution. It reports that Kharrazis have advised supreme leaders and held key political, diplomatic, and religious roles.<\/p>\n

How Much Was Illicit?<\/p>\n

Notably, Iran\u2019s largest crypto exchange continued processing transactions during the war between the US and Israel, which began on February 28, and operated even during a government-imposed nationwide internet shutdown and widespread power outages in Tehran.\u00a0<\/p>\n

According to three blockchain analysis firms that track activity involving Nobitex and other crypto exchanges, Nobitex handled more than $100 million in transactions during that time\u2014about 20% of its usual activity.\u00a0<\/p>\n

However, estimates of how much of Nobitex\u2019s activity may involve illicit transfers<\/a> vary widely. Elliptic estimated that $366 million was processed through the exchange, Chainalysis placed the figure around $68 million, while Crystal Intelligence estimated $22 million in direct transfers from sanctioned wallets.\u00a0<\/p>\n

\"Crypto\"<\/p>\n

Featured image from OpenArt, chart from TradingView.com <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A new Reuters investigation has raised serious questions about Iran\u2019s largest cryptocurrency exchange, Nobitex, describing it as a major channel in a parallel financial system that helps money move around US sanctions\u2014using both the country\u2019s security-linked institutions and everyday users. Even more concerning, the report says the exchange is controlled by two sons from the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-88760","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/88760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=88760"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/88760\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=88760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=88760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=88760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}