How Trump’s Crypto Venture and Iran’s Top Exchange Tapped Into the Same Industry Networks
Reuters traced $2.3 billion in Nobitex flows to Tron and BNB Chain, raising fresh questions about sanctions evasion through crypto networks.
- On Monday, a Reuters investigation revealed that Iranian exchange Nobitex processed at least $2.3 billion in transactions on Tron and BNB Chain networks since 2023.
- Founded by brothers linked to an influential Iranian family, Nobitex facilitates access for sanctioned entities including Iran's central bank and the Islamic Revolutionary Guard Corps , both under Western sanctions.
- Crypto billionaires Justin Sun and Changpeng Zhao, who architected Tron and BNB Chain respectively, are prominent early backers of World Liberty Financial , the cryptocurrency venture co-founded by President Donald Trump.
- World Liberty, the White House, and network representatives denied involvement, with the White House calling the report "bizarre attempts to link President Trump to Iran's banking system."
- The investigation does not prove coordinated conduct, but documents crypto's expanding role in sanctions evasion, complicating the regulatory environment for Trump's family business interests.
13 Articles
13 Articles
The Japan Times
Somali GuardianHow Trump’s crypto venture and Iran’s top exchange tapped into the same industry networks
Sharing crypto networks with an Iranian company performing sanctioned transactions highlights the potentially conflicted position in which the Trumps' sprawling business interests have placed the U.S. presidency.
Trump Crypto Links and Iran Exchange Use Same Blockchain Networks Amid Sanctions Concerns
A Reuters investigation has found overlapping use of major blockchain networks linking businesses tied to Iran and crypto ventures associated with the family of Donald Trump. The report focuses on how Iran’s largest crypto exchange, Nobitex, has moved billions of dollars through widely used blockchain systems such as Tron and BNB Chain, while those same […] The post Trump Crypto Links and Iran Exchange Use Same Blockchain Networks Amid Sanctions…
Trump-Linked Crypto Networks Processed Billions For Iran Exchange During Conflict: Report
Iran's largest cryptocurrency exchange processed billions of dollars through blockchain networks tied to major supporters of the Trump family's crypto venture, according to a new report.
Iran’s Nobitex moved $2.3 billion through crypto networks tied to Trump
Nobitex, Iran’s biggest crypto exchange, handled at least $2.3 billion on Tron and BNB Chain since 2023, based on a blockchain investigation by Reuters. The two networks were built around Justin Sun and Changpeng Zhao, two crypto billionaires who also gave early support to World Liberty Financial, the Trump family’s crypto project. The money kept running through those chains as the United States and Israel continue their war against Iran. Irania…
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