Iran’s largest crypto exchange founded by sons of family tied to supreme leaders: Reuters
Nobitex, Iran’s biggest crypto exchange, was founded by two brothers from one of the Islamic Republic’s most influential families with ties to the supreme leaders, according to a Reuters investigation.
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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