TechFlow news, April 23: According to a Reuters report, Nobitex—the largest cryptocurrency exchange in Iran—has processed at least approximately $2.3 billion in funds via the Tron and BNB Smart Chain networks since 2023. Some of these funds originated from the Central Bank of Iran (CBI), which is under U.S. sanctions, and are linked to other sanctioned entities including the Islamic Revolutionary Guard Corps (IRGC), Hamas, and Hezbollah.
Data from blockchain analytics firms Arkham and Elliptic, along with insights from multiple analysts, indicate that related transactions on Tron alone exceeded $2 billion, while those on BNB Smart Chain totaled approximately $317 million; tens of millions of dollars continued flowing even after hostilities erupted. The report notes that Tron was founded by Justin Sun, and BNB Smart Chain was launched by Binance; both blockchains intersect with Trump-led crypto project World Liberty Financial in terms of funding and governance. Since its founding in 2018, Nobitex’s sanctioned-related transactions have cumulatively amounted to at least approximately $366 million.
