Nobitex has become one of Iran's main financial instruments, with suspicions of use in evading international sanctions.
Nobitex, the largest cryptocurrency platform in Iran, was founded in 2018 by two brothers from the powerful Kharrazi family, which has close ties to the country's political elite.
According to the data, the founders used an alternative surname while developing the platform, which has become the dominant cryptocurrency exchange in Iran, managing about 70 percent of all transactions and serving about 11 million users.
Nobitex has become an important financial center that, according to reports, helps Iran evade Western sanctions.
The platform processes tens to hundreds of millions of dollars linked to sanctioned entities, and is also suspected of being used by the Islamic Revolutionary Guard Corps and Iran's central bank.
It enables both state institutions and ordinary citizens to conduct financial transactions globally, continuing to function even during internet and power outages.
In total, about $11 billion in cryptocurrencies have been processed through the platform.
