Nobitex, Iran's largest cryptocurrency exchange, has been linked to the Kharrazi family, known for their close ties to Iran's supreme leadership. Founded by Ali and Mohammad Kharrazi, the exchange reportedly continued operations during conflicts involving Iran, the U.S., and Israel, even amid internet outages. Nobitex serves over 11 million users and dominates Iran's crypto market, with trading volumes exceeding $100 million during the conflict. Investigations reveal that Nobitex processed transactions linked to sanctioned entities, with volumes estimated between $22 million and $366 million. Additionally, wallets associated with Iran's central bank allegedly transferred hundreds of millions in crypto assets to Nobitex in 2025 to bypass financial sanctions. Despite these findings, Nobitex denies government ties and claims illicit transactions are minimal in its operations.