The founding family of Nobitex has been accused of being members of powerful Iranian families, and the platform is suspected of assisting in sanctions circumvention.

CoinFeed reported on May 2nd that, according to Reuters, Ali and Mohammad, the two founders of Nobitex, Iran's largest cryptocurrency exchange, have been revealed to be members of the Kharrazi family, an elite Iranian family. The platform processed tens to hundreds of millions of dollars in cryptocurrency transactions related to the Central Bank of Iran and the Islamic Revolutionary Guard Corps (IRGC) without being subject to US sanctions. Blockchain analytics firm Elliptic indicated that between November 2024 and June 2025, the Central Bank of Iran's wallet traded approximately $500 million in crypto assets through Nobitex, with about $347 million flowing to Nobitex in the first half of 2025.