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Leading Iranian crypto exchange Nobitex was founded by sons of elite political family tied to supreme leaders: Reuters

The Block
A Reuters investigation reveals that Iran’s largest crypto exchange, Nobitex, was founded by brothers from a politically powerful family linked to the nation's leadership.

Summary

Nobitex, Iran's dominant cryptocurrency exchange, was founded by brothers Ali and Mohammad Kharrazi, whose family maintains deep ties to the Islamic Republic's supreme leaders. A Reuters investigation highlights that the brothers registered the firm using alternative surnames to obscure their lineage, which includes a grandfather on the Assembly of Experts and a father who founded the Iranian Hezbollah. The exchange, which handles approximately 70% of Iran's crypto activity, has been linked to sanctioned entities and central bank funding programs, though Nobitex denies government affiliation and maintains that illicit transaction volumes are minimal.

(Source:The Block)