Who owns Novitex: Iran's largest crypto exchange used by IRGC to move millions - explainer
Nobitex, Iran's largest cryptocurrency exchange, has been linked to the Islamic Revolutionary Guard Corps (IRGC) for facilitating millions in transactions. The exchange was founded by two brothers using an alternative family name and has processed funds tied to sanctioned entities. The founders have documented connections to Iran's Islamic regime.
- ▪Nobitex has processed between tens and hundreds of millions of dollars in transactions linked to sanctioned groups.
- ▪The exchange was founded by two brothers under an alternative family name.
- ▪The founders of Nobitex have a history of links with the Islamic regime.
- ▪The IRGC has allegedly used Nobitex to move millions of dollars.
- ▪Nobitex is considered Iran's largest cryptocurrency exchange.
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Who owns Novitex: Iran's largest crypto exchange used by IRGC to move millions - explainerSince 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.Nobitex founders have a history of links with the Islamic regime.(photo credit: SHUTTERSTOCK)
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Jerusalem Post | JPost.com.