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Iran power clan behind Nobitex crypto exchange used to route millions for sanctioned groups
International
Published on 1 May 2026
A crypto exchange quietly helped IRGC-linked transfers
Iran’s biggest crypto exchange, Nobitex, is reportedly controlled by the sons of the influential Kharrazi family—after years of keeping their involvement hidden. Investigations say it handled millions in transactions for sanctioned entities, including IRGC-related bodies and Iran’s central bank, effectively functioning as a bridge to global crypto markets. Nobitex denies any direct state role.
- Nobitex is controlled by Kharrazi family members
- Ties to sanctioned entities span IRGC-linked activity and more
- The family reportedly concealed connections for years
- Nobitex denies direct government links or state assistance
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times