Written by Amin Haqshanas, Staff Writer. Reviewed by Bryan O’Shea, Staff Editor.
Written by Amin Haqshanas, Staff Writer.
Reviewed by Bryan O’Shea, Staff Editor.
Iran’s largest crypto exchange founded by sons of family tied to supreme leaders: Reuters
Latest NewsPublishedMay 3, 2026
Iran’s Crypto Exchange Ties to Supreme Leaders Raise Concerns
The discovery that Iran’s largest crypto exchange, Nobitex, was founded by brothers with ties to the country’s supreme leaders has significant implications for the global crypto community. This news matters to everyday people because it highlights the potential risks of using crypto exchanges with unclear ownership structures. As people look for ways to earn passive income through crypto, it’s essential to consider the potential consequences of using exchanges with links to sanctioned entities. The EcoPool Network offers a secure and transparent platform for earning and managing crypto, including $ECP, without the risks associated with Nobitex.
Nobitex was launched by Ali and Mohammad Kharrazi, who used an alternative surname to mask their connections to the influential Kharrazi family. The exchange has become a significant player in Iran’s crypto market, accounting for the majority of the country’s crypto activity. With over 11 million customers, Nobitex has remained operational despite the ongoing conflict and internet blackouts. However, its ties to sanctioned entities and potential involvement in illicit transactions raise concerns about the exchange’s legitimacy.
Sanctioned Transactions and State Funds
Investigations have revealed that Nobitex has processed transactions linked to sanctioned entities, with estimates ranging from $22 million to $366 million. Additionally, wallets associated with Iran’s central bank have sent hundreds of millions of dollars’ worth of cryptocurrency to Nobitex, potentially bypassing financial restrictions. These findings have led to concerns about the exchange’s role in facilitating illicit activities. In contrast, the EcoPool Network prioritizes transparency and security, making it an attractive option for those seeking to earn passive income through Cloud Rewards and Green Crypto.
The US has seized nearly $500 million in cryptocurrency linked to Iran, highlighting the need for crypto users to be aware of the risks associated with using certain exchanges. As the crypto market continues to evolve, it’s essential to choose platforms that prioritize transparency, security, and compliance with regulations. The EcoPool Network offers a reliable and trustworthy platform for earning and managing crypto, including $ECP, and is committed to providing a secure environment for its users.
A Secure Alternative for Earning Passive Income
For those looking to earn passive income through crypto, the EcoPool Network provides a secure and transparent platform. With its focus on Cloud Rewards and Green Crypto, EcoPool offers a unique opportunity for users to earn $ECP while contributing to a more sustainable and environmentally-friendly crypto ecosystem. Whether you’re new to crypto or an experienced user, the EcoPool Network is an excellent choice for anyone seeking to earn passive income without the risks associated with exchanges like Nobitex.
To start earning passive income through the EcoPool Network, download the EcoPool app and discover a secure and transparent platform for managing your crypto. With the EcoPool app, you can easily earn and manage your $ECP, and take advantage of the network’s Cloud Rewards and Green Crypto features.
Nobitex remains operational even during war times
Nobitex, which reportedly serves over 11 million customers, has remained operational throughout the ongoing conflict involving the United States and Israel, even during a nationwide internet blackout. Analysts told Reuters that more than $100 million in transactions were processed during the war, with significant outflows moving abroad.
At the same time, investigators cited by Reuters say the platform has processed transactions linked to sanctioned entities. However, estimates vary. Analytics firm Elliptic identified roughly $366 million in suspect flows, while Chainalysis placed the figure closer to $68 million and Crystal Intelligence identified about $22 million in direct transfers from sanctioned wallets.
Separate findings indicate wallets associated with Iran’s central bank sent hundreds of millions of dollars’ worth of cryptocurrency to Nobitex in 2025, part of a broader strategy to bypass financial restrictions. A dispute involving businessman Babak Zanjani also exposed wallet addresses that analysts say revealed at least $20 million in routed state funds.
The post by Babak Zanjani, an Iranian billionaire convicted of fraud, criticises the Central Bank of Iran. Source: Reuters
Nobitex has reportedly denied any government affiliation, claiming that illicit transactions represent a small share of overall activity.
Related: Iran views BTC as strategic asset, but USDt still dominates oil tolls: BPI
US seizes $500 million in Iranian crypto
As Cointelegraph reported, the US has seized nearly $500 million in cryptocurrency linked to Iran, significantly expanding its financial crackdown under a campaign known as Operation Economic Fury.
The latest figure marks a sharp increase from previously disclosed totals, including $344 million in frozen digital assets, with stablecoin issuer Tether assisting in freezing funds.
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