Analysis Finds Nobitex Processed $2.3 Billion via Tron and BNB Chain

An Iranian cryptocurrency exchange has processed billions of dollars in transactions using blockchains founded by two prominent backers of a digital currency firm co-founded by the family of U.S. President Donald Trump, according to an analysis of public blockchain data. The exchange, Nobitex, has processed at least $2.3 billion since 2023 on the Tron and BNB Chain networks.

The data indicates that approximately $2 billion of that total moved across the Tron blockchain, founded by Justin Sun, while over $317 million moved across BNB Chain, which was developed by the crypto exchange Binance, founded by Changpeng Zhao. Both Sun and Zhao were early and prominent backers of World Liberty Financial, the crypto firm launched by Trump and his family. Transactions continued after the outbreak of a regional conflict, with at least $22.6 million moving via BNB Chain and $550,000 via Tron since February.

The analysis, reviewed and deemed sound by multiple cryptocurrency analysts, suggests the true volume is likely higher. Investigators note that Nobitex has publicly stated it rotates digital wallet addresses to make tracing transactions more difficult. The exchange is reported to be...