Overview
- Iran’s Nobitex processed at least $2.3 billion since 2023 on Tron and BNB Chain, with recipients that included entities tied to the Central Bank of Iran and the IRGC, according to a Reuters analysis of Arkham blockchain data.
- Investigators traced more than $800 million in Tether’s USDT to wallets linked to Iran’s central bank, and Tether later froze about $344 million tied to Iranian activity in its largest recorded freeze.
- Tron was founded by Justin Sun and BNB Chain was developed by Binance under Changpeng Zhao, and both Sun and Binance back World Liberty Financial, the crypto firm co‑founded by President Trump’s family.
- World Liberty said it has no relationship with Nobitex and does not control Tron, and the White House called any effort to link the president to Iran’s banking network laughable.
- The flows often moved through over‑the‑counter brokers and into Turkey and the UAE, and analysts said weak identity checks at Nobitex mean the $2.3 billion total likely understates the real scale.