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News Wire / economy

Nobitex Crypto Theft Recovery Reported

Sky News Arabia Radio Tehran 10d9d Impact 8

A Reuters investigation revealed that an Iranian cryptocurrency platform named Nobtex operates as a secret clearinghouse. The scale of Nobitex's market share is described as a major factor in the Iranian crypto economy. Iranian cryptocurrency exchange Nobitex has grown to serve over 11 million customers since its inception in 2018. This user base represents more than 10% of the Iranian population. According to Reuters, the platform currently handles approximately 70% of all Iranian token transactions. The company has become a primary investment route for Iranians in digital asset markets. Blockchain analysis firms have not identified any illicit transfers of millions of dollars linked to sanctions evasion by these companies. Nobitex currently holds approximately 70% of the market share for transactions involving the Tether (USDT) symbol in Iran. The data was reported by Radio Farda.

A Reuters investigation revealed that an Iranian cryptocurrency platform named Nobtex operates as a secret clearinghouse. The scale of Nobitex's market share is described as a major factor in the Iranian crypto economy. Iranian cryptocurrency exchange Nobitex has grown to serve over 11 million customers since its inception in 2018. This user base represents more than 10% of the Iranian population. According to Reuters, the platform currently handles approximately 70% of all Iranian token transactions. The company has become a primary investment route for Iranians in digital asset markets. Blockchain analysis firms have not identified any illicit transfers of millions of dollars linked to sanctions evasion by these companies. Nobitex currently holds approximately 70% of the market share for transactions involving the Tether (USDT) symbol in Iran. The data was reported by Radio Farda. Approximately $8.8 billion has been recovered from Nobitex, according to a report in the Mania newspaper. The theft is described as the largest in Iran's history. Nobitex was founded by the Kharazi brothers, who belong to one of the wealthiest families in the Islamic Republic.

Topics

cryptocurrency Iran Nobtex shadow banking

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Sources · 7 independent

Sky News Arabia Radio

“تحقيق جديد لرويترز كشف قصة منصة إيرانية اسمها نوبتيكس متخصصة في تداول العملات المشفرة. المنصة أسسها شقيقة من عائلات النافذة ثم تحولت لاحقا إلى ما يشبه غرفة مقاصة سرية تدير نحو 70% من معاملات العملات المشفرة في إيران.”

Unknown

“Iranian Crypto Platform Manages 70% Of Domestic Transactions”

Sky News Arabia Radio

“تدير نحو 70% من معاملات العملات المشفرة في إيران. ويسفها خبراء بأن”

Sky News Arabia Radio

“تدير نحو 70% من معاملات العملات المشفرة في إيران”

Sky News Arabia Radio

“تدير نحو 70% من معاملات العملات المشفرة في إيران. ويسفها خبراء بأن استخدمها الحزب لأغراض عسكرية وأكثر من 50 بنية تحتوى تابعة لحزب الله في عدة مناطق في جنوب لبنان.”

Sky News Arabia Radio

“Iranians are forced to reduce crude oil production to avoid exceeding storage capacity limits. The US blockade is choking the artery of the Iranian economy.”

Shonan Beach FM

“Iranian Crypto Platform Manages 70% Of Transactions”

Sky News Arabia Radio

“it later turned into something like a secret clearinghouse that manages about 70% of cryptocurrency transactions in Iran. Experts describe it as the hidden financial lung through which the Iranian economy breathes away from the eyes of US sanctions.”

Radio Farda

“Nobitex handles about 70% of Iranian cryptocurrency transactions. Reuters says this has changed the way Iranians access the crypto market since its start in 2018.”

RFE/RL Radio Farda

“Nobitex has more than 11 million customers. This number is more than 10% of the Iranian community. According to Reuters, Nobitex has about 70% of Iranian token transactions.”

RFE/RL Radio Farda

“According to Reuters, Nobitex holds about 70% of Iranian token transactions. This expansion since its start in 2018 has become a major investment path for Iranians.”

Radio Farda

“كتبته رويترز، تمتلك نوبيتكس حوالي 70٪ من معاملات الرمز الساري في إيران.”

Radio Farda

“Nobitex owns about 70% of the transactions of the Tether symbol in Iran, according to Reuters.”

RFE/RL Radio Farda

“تم استرداد 8.8 مليار دولار من نوبيتكس. تقرير نشر في صحيفة "مانيا" في بارسا عن أكبر سرقة في تاريخ إيران، التي أسسها أخوان خرازي، من أغنى العائلات في الجمهورية الإسلامية.”

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