#Tether, the company which issues the stablecoin by the same name, said it had frozen multiple wallet addresses associated with #Nobitex at the request of #Israel. Israel’s National Bureau for Counter Terror Financing did not comment.

Tether said #crypto exchanges & platforms are responsible for compliance in #trading on secondary markets.

#Trump’s return to the White House in Jan 2025 – & his embrace of crypto – has significantly shaped the fortunes of his family, Sun & Zhao.

#criminal #law

It is unclear whether #Tron & #BNBChain were aware their networks were used by the central bank of #Iran & #Nobitex, which has not been specifically sanctioned. Doing business with Iranian entities falls under general Western #sanctions. Reuters could not determine why the #UnitedStates has not sanctioned Nobitex.

#Trump #criminal #law #scammer #fraud #kleptocracy #emoluments #MoneyLaundering #crypto

The central bank also converted the tether to different coins & used other blockchains – including #BNBChain – to cover its tracks, the #Iran specialists said. Some of that #crypto was converted back to tether & routed to #Nobitex & other exchanges, the specialists added.

Since its founding in 2018, Nobitex has processed between tens of millions & hundreds of millions of dollars in transactions linked to sanctioned groups including #Iran’s central bank & the #IRGC…

#MoneyLaundering #Trump #law

…among those to use #Tron & #BNBChain was the #CentralBankOfIran. The #US sanctioned the central bank in 2019 for allegedly providing billions of dollars to the #IRGC & #Lebanon’s #Hezbollah.

The central bank bought >$500 million of tether via Tron between Nov 2024 & June 2025, acc/to a report in January by blockchain analysis company Elliptic & the 2 #Iran specialists. In the first 6 months of last year, ~$347 million of the total was sent to #Nobitex using Tron, Elliptic told Reuters.

#Trump

#Iran money has kept moving through those 2 digital ledgers during the #US & #Israel #war against the Islamic Republic.

Sun & #Binance, the #crypto exchange owned by Zhao, are both prominent backers of #WorldLibertyFinancial, the crypto firm co-founded by #Trump & his family.

There’s no suggestion that the Trump family knew of #Nobitex’s use of #Tron & #BNBChain [🙄].

#criminal #law #scammer #fraud #kleptocracy #emoluments #MoneyLaundering

When customers of #Iran’s largest #crypto exchange needed to move billions of dollars, networks created by 2 of the industry’s biggest players served as conduits.

From the early stages of #Trump’s flagship #DigitalCurrency venture, the same 2 players lent credibility to the startup.

Acc/to data analysed by Reuters, Iran’s #Nobitex has processed at least $2.3 billion since 2023 on #Tron & #BNBChain, blockchains established respectively under crypto #billionaires #JustinSun & #ChangpengZhao.…