The sons of a powerful family with close ties to Iran’s new supreme leader control the country’s largest cryptocurrency exchange, transforming it from a startup into a conduit to the global economy used by both blacklisted state institutions and ordinary citizens.
This investigation from my colleagues Gavin Finch, Allison Martell, Denise Ajiri, James Pearson and Elizabeth Howcroft looks at how the Nobitex crypto exchange has become a central node in a parallel financial system that moves funds beyond US sanctions, even during the current war.
