It was revealed that Iran-based Nobitex cryptocurrency exchange made transfers exceeding 2.3 billion dollars through Tron and BNB Chain networks in the recent period when Western sanctions increased. According to data compiled by Reuters from blockchain analysis companies, these transactions took place starting from the beginning of 2023. It was stated that Nobitex, in particular, turned heavily to these two blockchain networks for transactions in an environment where classical banking was severely limited by sanctions.
Tether and Iranian Central Bank Transfers Featured
In the blockchain records examined by Arkham and Elliptic, it was understood that the Tron and BNB Chain networks became one of Nobitex’s main exit routes. According to researchers, the Central Bank of Iran transferred more than $500 million worth of Tether via Tron alone between late 2024 and mid-2025. Some of these funds first moved through Nobitex and were later converted into different digital assets.
Analysts announced that traces of users connected to the Iranian Revolutionary Guards were occasionally encountered in these transactions. Nobitex, on the other hand, argued that it had no direct relationship with the Iranian state and that the illegal transfers took place without its knowledge.
Mini dictionary: Nobitex stands out as one of the largest and most traded local cryptocurrency exchanges in Iran. The platform offers its users the opportunity to trade with different crypto assets and is used as an alternative financial channel during periods when traditional banking is disrupted in the country.
Stablecoins Are Both Vehicles and Open Doors
Another topic highlighted by the report was Tether’s USDT stablecoin and the special place of these assets in sanctions practices. Unlike Bitcoin, USDT is centrally managed and can freeze wallets at the request of authorities when necessary. In April 2026, the freezing of more than $344 million in Iran-related addresses on Tron was cited as one of the clearest examples of this power.
However, due to the nature of the blockchain infrastructure, transactions can continue on networks such as Tron as long as a wallet is not blacklisted; Direct approval of the issuer or governments is not required for transfers to occur.
According to experts, this has enabled stablecoins to turn into both a means of control and a transition solution used to overcome financial restrictions.
Projects Linked to the Trump Family and Blockchain Wars
After the details of Nobitex and its transfer chains emerged, it was seen that the same blockchain networks were in close contact with the World Liberty Financial project, which was supported by former US President Donald Trump and his family. Justin Sun, founder of Tron, and Changpeng Zhao, co-founder of Binance exchange, were among the biggest supporters of this project.
At the beginning of 2025, Abu Dhabi-based investment fund MGX entered into an investment agreement with World Liberty’s USD1 stablecoin; It was noted that this step accelerated the market integration of USD1. However, relations between Justin Sun and World Liberty subsequently became strained, and in 2026, Sun filed a lawsuit against the company for blackmail, and the company filed a counter-move with an accusation of reputational damage. Despite all the disputes, it is stated that Sun still controls billions of WLFI tokens.
Reactions and Defenses from the Public
Representatives of Tron and BNB Chain emphasized that it is not possible to strictly monitor worldwide transactions due to the technical limitations of the globally open blockchain structure.
According to Reuters, no evidence was found that Trump or his family had knowledge of how Nobitex users were using blockchains.
The White House, on the other hand, found the allegations that Trump’s business connections lead to any conflict of interest with Iran-related financial transactions as “unreasonable” and flatly rejected them.
