Surprising Link Between Two Trump-Supporting Altcoins and Iran Revealed! Billion-Dollar Transactions Involved!

In Iran, which has been at war with the US for months, there is a great deal of interest in cryptocurrencies. Recent data confirms this.

According to reports, Novitex, Iran’s largest cryptocurrency exchange, has processed at least $2.3 billion worth of transactions through Tron (TRX) and $BNB Chain over the past few years.

According to Reuters, citing data from on-chain analytics firm Arkham, Novitex has reportedly processed approximately $2 billion in transactions on the Tron network and at least $317 million on the $BNB chain since 2023.

The report states that Novitex continued transferring funds across the two networks even after the US and Israel’s military conflict with Iran. In fact, it’s estimated that since last February, approximately $22.6 million worth of cryptocurrency on the $BNB chain and $550,000 on Tron have been transferred via Novitex.

In addition, it was reported that approximately $7.8 billion worth of virtual assets were transferred between Novitex and Binance between 2018 and 2022, with a significant portion of these being Tron-based assets.

It was also reported that Novitex was one of the main exchanges used to circumvent sanctions in Iran.

Tron was founded by cryptocurrency billionaire Justin Sun, while $BNB Chain is operated by Binance, founded by Changpeng Zhao.

What is noteworthy here is that both Justin Sun and Binance emerge as significant supporters of World Liberty Financial, the crypto venture of Donald Trump and his family.

According to Reuters, while no evidence was found that Trump or his family were aware that Nobitex was using these networks, the situation creates a potential conflict between U.S. policy towards Iran and his family’s business interests.

As the U.S. government confronts Iran and maintains sanctions against Iranian institutions, blockchain networks linked to Trump’s business associates continue to facilitate the flow of cryptocurrencies connected to Iran’s financial system.

*This is not investment advice.