Trump crypto venture backers’ blockchains carried $2.3 billion from Iran’s Nobitex

Traders Union
All News
Financial News
Trump crypto venture Iran ties

Highlights

Reuters analysis shows Nobitex processed at least $2.3 billion on Tron and BNB Chain since 2023, both linked to Trump crypto venture backers.
Iran's central bank and Islamic Revolutionary Guard Corps, both under Western sanctions, have reportedly used Nobitex to move funds on these blockchains.
Situation raises concerns over open blockchain infrastructure enabling flows for sanctioned entities, increasing scrutiny on Trump family's commercial ties.

Blockchain flows link Nobitex and Trump venture backers

As reported by Reuters, data it analysed shows Iran’s largest crypto exchange, Nobitex, has processed at least $2.3 billion since 2023 on Tron and BNB Chain, two blockchains established under crypto entrepreneurs Justin Sun and Changpeng Zhao. The networks charge users fees for recording transactions and continue to carry Iranian money flows during the U.S. and Israeli war against the Islamic Republic.

Sun and Binance, the exchange owned by Zhao, are both prominent backers of World Liberty Financial, the crypto firm co-founded by President Donald Trump and his family. There is no suggestion that the Trump family knew about Nobitex’s use of Tron and BNB Chain, but the transactions put renewed focus on how the family’s commercial interests intersect with U.S. policy.

Conflict scrutiny grows around sanctions exposure

Reuters reports that Iran’s central bank and the Islamic Revolutionary Guard Corps have used Nobitex to process funds. Both entities are under Western sanctions, adding to concerns about the role of open blockchain infrastructure in handling transactions linked to sanctioned institutions.

John Reed Stark, a former chief of the Securities and Exchange Commission’s Office of Internet Enforcement, says the situation reflects a stark contradiction because platforms tied to crypto financing are also being used by entities the president is trying to defeat in the war. The administration rejects claims that Trump’s businesses create conflicts of interest, while a World Liberty spokeswoman says the company has no relationship with Nobitex, follows U.S. law, and does not own, operate, control, or have authority over transactions on Tron.

Our earlier report on the expiring Treasury waiver for certain Russian oil purchases explained how lawmakers are pressing the Trump administration not to renew General License 134B ahead of its April 17, 2026 deadline. Senators argued the measure could weaken sanctions enforcement, bolster Russia’s revenues amid heightened Middle East tensions, and indirectly intersect with Iran-related security risks while offering unclear relief on U.S. fuel costs.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.