Reuters Probe Links IRGC to Hundreds of Millions in Transfers via Nobitex Exchange

Key Facts

A Reuters investigation has identified Nobitex, Iran's largest cryptocurrency exchange, as a key facilitator for transactions linked to the Islamic Revolutionary Guard Corps (IRGC). The report reveals that the platform was founded by brothers from the Kharrazi family, who possess significant political influence and direct ties to Iran's supreme leadership. Since 2018, the exchange has processed hundreds of millions of dollars in transfers tied to sanctioned entities. According to the findings, the IRGC utilizes Nobitex as a financial conduit to move substantial funds outside the scope of traditional banking oversight. These revelations intensify concerns regarding the use of crypto assets to bypass international sanctions. Such activities are expected to trigger heightened global regulatory scrutiny on digital asset exchanges operating within high-risk jurisdictions.

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