Iranian cryptocurrency exchange Nobitex has been exposed for transferring more than $2.3 billion in funds since 2023.

CoinFeed reported on April 23 that, according to Reuters, Nobitex, Iran's largest cryptocurrency exchange, has processed at least $2.3 billion in funds through Tron and BNB Smart Chain since 2023. Some of these funds originated from the Central Bank of Iran (CBI), which is sanctioned by the United States, and are linked to sanctioned entities such as the IRGC, Hamas, and Hezbollah. Data from blockchain analytics firm Arkham and Elliptic, along with multiple analysts, indicates that over $2 billion in transactions occurred on Tron alone, and approximately $317 million on BNB Smart Chain, with tens of millions of dollars still circulating after the outbreak of hostilities.