Trending Now - Iran's Nobitex Crypto Exchange: Sanctions Evasion Uncovered

WHO:

Reuters - Nobitex was founded by two brothers from Iran's Kharrazi family.

Bitcoinist - The exchange is controlled by two sons from the Kharrazi family.

WHAT:

Reuters - Nobitex processed hundreds of millions of dollars beyond US sanctions.

Bitcoinist - Nobitex is described as a major channel in a parallel financial system that helps money move around US sanctions.

WHERE:

Reuters - Nobitex is located in Iran.

WHEN:

Reuters - Nobitex was founded in 2018.

WHY:

Bitcoinist - The exchange helps facilitate transactions using both security-linked institutions and everyday users to evade US sanctions.

HOW:

Bitcoinist - Nobitex operates as a major channel for moving money around US sanctions.

(UPDATED May 2, 2026 21:10 UTC)

Nobitex, an exchange founded in 2018 by two brothers from Iran's Kharrazi family, has emerged as a significant player in facilitating transactions that bypass US sanctions. This platform is described as a major channel in a parallel financial system, processing hundreds of millions of dollars and helping both institutions and everyday users move money around restrictions. Located in Iran, Nobitex plays a crucial role in enabling financial activities that would otherwise be hindered by these sanctions.