LONDON - The sons of a powerful family with close ties to Iran’s new supreme leader control the country’s largest cryptocurrency exchange, transforming it from a startup into a conduit to the global ...

Nobitex, one of Iran’s leading exchanges, is still the venue for significant transaction activity. The exchange volume has shifted to stablecoins and is mostly driven by whales. A recent report by ...

Since Nobitex was founded by the two brothers under an alternative family name, it has processed between tens and hundreds of millions of dollars in transactions linked to sanctioned groups. The sons ...

On June 18, 2025, Nobitex, Iran’s largest cryptocurrency exchange, fell victim to a devastating cyberattack that resulted in the loss of approximately $90 million in digital assets, with some ...

Estimates of Nobitex's scale vary, but multiple firms place its activity in the billions of dollars. TRM Labs, for instance, reported approximately $5 billion in observed volume on Nobitex between ...