Nobitex Founders Turn Out to Be Relative of the Supreme Leader

Reuters' striking investigation revealed that the two brothers behind Iran's dominant crypto exchange Nobitex are from the Kharrazi family, related to the regime's three supreme leaders. Ali and Mohammad Kharrazi registered the company in 2018 under the pseudonym Aghamir Mohammad Ali; this name has left traces from university documents to brochures. Company president Amir Hosein Rad is from outside the family, but Nobitex has reached 11 million users and dominates 70% of Iran's crypto volume. The investigation proved that the exchange hosted billions of dollars in flows from sanctioned state funds.

Nobitex Founders' Connection to the Kharrazi Family

The genius of the Kharrazi brothers was confirmed by company records, bank documents, and signed emails from the 2017 Nobitex domain registration. The email is linked to a charity run by their father, Ayatollah Bagher Kharrazi. Nobitex denies the connection, claiming the brothers work under open identities and that suspicious funds make up a small portion of total volume; management claims to be unaware.

The Kharrazi Family's Deep-Rooted Role in the Regime

The family history is impressive: Grandfather was a member of the Assembly of Experts that selects the supreme leader and teacher to Mojtaba Khamenei. Father Ayatollah Bagher Kharrazi founded Iranian Hezbollah and structured the Revolutionary Guards. These ties show that the exchange opens doors to sanctioned flows.

Blockchain Analyses and Suspicious Funds

Elliptic, Chainalysis, and Crystal Intelligence detected flows matching Chainalysis's 11 billion dollar lifetime inflow data. The Central Bank transferred funds to the exchange; early investor Mohammad Bagher Nahvi is a sanctioned airline executive. Babak Zanjani-Central Bank dispute exposed wallets. It maintained 20% volume even during war and resisted internet outages.

H Coin Price and Nobitex Impact

This scandal increased the volatility of H coin in the Iranian market, as examined on the H detailed analysis page. Current data: Price $0.19, 24h -2.18% change, RSI 72.18 (overbought signal), overall trend up but Supertrend bearish signal. EMA 20: $0.1505.

Level	Price	Score	Distance	Sources
S1 Support	$0.1855	85/100 ⭐ Strong	-2.33%	Previous Day Low, Fibo 0.618
S2 Support	$0.1647	61/100 ⭐ Strong	-13.28%	Fibo 0.500, Ichimoku
R1 Resistance	$0.2146	67/100 ⭐ Strong	+12.99%	Fibo 0.786, Donchian Upper
R2 Resistance	$0.1915	66/100 ⭐ Strong	+0.83%	R1, Previous Close

Expert opinion: High correction risk with RSI 72; S1 strong support. Nobitex volume could affect H, watch H futures.

US Sanctions and Crypto Risks

The US Treasury imposed sanctions on shadow banking in April but skipped Nobitex; the family is not on the lists. Elizabeth Warren called it a "red alert." Competitors move funds into the US system without detection. Related coins like RAD detailed analysis are also volatile. This reinforces crypto's role in sanctioned economies; investors should weigh geopolitical risks.