New York: Trump’s crypto venture, World Liberty Financial, drew scrutiny after Reuters found that Iran’s Nobitex exchange processed at least $2.3 billion on Tron and BNB Chain since 2023.
Reuters cited Arkham blockchain data for the figures. Nobitex handled more than $2 billion on Tron and at least $317 million on BNB Chain.
Tron founder Justin Sun backed World Liberty Financial. Binance, founded by Changpeng Zhao, also supported World Liberty’s USD1 stablecoin.
Reuters said it found no evidence that the Trump family knew about Nobitex’s use of Tron or BNB Chain.
Since the Iran war began in February, Nobitex has moved at least $22.6 million on BNB Chain. It also moved at least $550,000 on Tron.
World Liberty said it has no relationship with Nobitex and follows US law. The firm also said it does not own, operate or control Tron.
Read: Trump Media Loss Tops $400 Million On Crypto Slide
White House spokeswoman Anna Kelly called Reuters’s link between Trump and Iran’s banking system “totally laughable.”
BNB Chain said Binance does not operate or control its network. Meanwhile, Tron said it cannot monitor every user or transaction, but it works with law enforcement.
Reuters found that Nobitex used Tron and BNB Chain to process at least $2.3 billion since 2023, while key figures behind those networks also backed Trump-linked World Liberty Financial.
