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Iran’s Nobitex moved $2.3 billion through crypto networks tied to Trump


Iran’s Nobitex moved $2.3 billion through crypto networks tied to Trump

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Reuters' blockchain investigation found that Nobitex, Iran's largest crypto exchange, routed at least $2.3 billion in transactions on Tron and BNB Chain since 2023. The concentration of funds on networks tied to Justin Sun and Changpeng Zhao, which also backed the Trump family's World Liberty Financial project, raises regulatory and security questions for crypto exchanges, DeFi adoption and fundraising activity.

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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...
Read the article at CryptoPolitan

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