How a Family Tied to Iran’s Supreme Leader Quietly Built a $11 Billion Crypto Exchange

The Nobitex cryptocurrency exchange, operated by Iran’s elite Kharrazi family, was used to funnel sanctioned funds to evade Western sanctions, processing over $11 billion in transactions. The platform continued to operate during the US-Iran conflict, processing over $100 million in transactions even during a nationwide internet blackout. The US has seized nearly $500 million in Iranian-linked cryptocurrency under Operation Economic Fury.