Iran's largest cryptocurrency exchange, Nobitex, is reportedly controlled by the Kharrazi family, who have close ties to the country's leadership, according to a Reuters investigation. The platform has become a crucial channel for circumventing Western sanctions, allegedly used by sanctioned entities such as the Central Bank of Iran and the Islamic Revolutionary Guard Corps to transfer funds, with transaction volumes ranging from tens of millions to billions of dollars. Nobitex serves approximately 11 million users in Iran, over 10% of the population, providing access to crypto assets and global markets. Despite internet restrictions during wartime, the exchange has continued operations, processing over $100 million in transactions. While Nobitex denies direct government ties, blockchain analysis and investigations suggest it plays a central role in Iran's parallel financial system.