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Reuters says Nobitex processed $2.3 billion on Tron and BNB Chain since 2023

Reuters says Nobitex processed $2.3 billion on Tron and BNB Chain since 2023

According to Reuters, Iran’s largest crypto exchange moved at least $2.3 billion on Tron and BNB Chain since 2023, underscoring sanctions compliance concerns as Nobitex was reportedly used by sanctioned Iranian entities.

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Fact Check
The claim is directly and fully supported by the primary Reuters investigation ('How Trump's crypto venture and Iran's top exchange tapped into the same industry networks', May 18, 2026), which is the originating source of the $2.3 billion figure. Reuters conducted its own blockchain data analysis and explicitly states Nobitex processed at least $2.3 billion on Tron and BNB Chain since 2023. Both Crypto Briefing and Cryptopolitan independently summarize the same Reuters findings with consistent figures ($2B+ on Tron, $317M+ on BNB Chain). The attribution to Reuters is accurate, the $2.3 billion figure is confirmed, the networks (Tron and BNB Chain) are correctly identified, and the 2023 start date is correct. The only minor caveat is that Reuters notes actual totals are likely higher due to address rotation, meaning $2.3 billion is a floor, not a ceiling.
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Summary

A Reuters blockchain investigation said Nobitex, Iran’s largest crypto exchange, handled more than $2 billion on Tron and at least $317 million on BNB Chain since Jan. 1, 2023, for a total of at least $2.3 billion. Reuters said that since February, at least $22.6 million passed through Nobitex on BNB Chain and at least $550,000 on Tron. The report also said Nobitex has been widely used by ordinary Iranians as well as sanctioned Iranian entities, including Iran’s central bank and the IRGC. Nobitex denied direct ties to the Iranian government and said any illegal funds moved without management’s approval or knowledge. Reuters further cited specialists saying Iran’s central bank used Tron and BNB Chain, and referenced a January Elliptic report saying the central bank bought more than $500 million of Tether through Tron from November 2024 to June 2025. Responses from the White House, World Liberty Financial, BNB Chain, Tron, and Tether rejected or limited responsibility for those flows, with Tether saying it froze several wallet addresses tied to Nobitex after a request from Israel.

Terms & Concepts
  • Tron: A public blockchain network used for transferring digital assets and running decentralized applications, often chosen for relatively fast and low-cost transactions.
  • BNB Chain: A public blockchain network that supports token transfers and smart contracts, previously known as Binance Smart Chain.
  • Tether: A stablecoin designed to maintain a value pegged to the U.S. dollar, commonly used to move funds across crypto markets and blockchains.