Iranian Revolutionary Guard transfers approximately $1 billion through UK crypto trading platform

MarsBitNews · 2026-01-11T01:43:43+00:00

Blockchain analysis firm TRM Labs reports that the Islamic Revolutionary Guard Corps of Iran transferred approximately $1 billion through the UK platforms Zedcex and Zedxion in 2023 to evade international sanctions, primarily using USDT on the Tron network. Related transactions accounted for as much as 56% between 2023 and 2025.

MarsBitNews

2026-01-11 01:43:43

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Mars Finance News, on January 11, the blockchain analytics company TRM Labs reported that the Islamic Revolutionary Guard Corps (IRGC) of Iran has transferred approximately $1 billion through two UK-registered crypto trading platforms, Zedcex and Zedxion, since 2023 to evade international sanctions. IRGC-related transactions account for 56% of the total volume for both platforms from 2023 to 2025, mostly using Tron network USDT. The funds grew from about $24 million in 2023 to $619 million in 2024 and $410 million in 2025. Both trading platforms claim to comply with anti-money laundering regulations but have not responded to comments. (The Block)

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