BlockBeats News, January 11, Blockchain analytics company TRM Labs reported that the Islamic Revolutionary Guard Corps (IRGC) of Iran has been transferring funds since 2023 through two UK-registered cryptocurrency exchanges, Zedcex and Zedxion, amounting to approximately $1 billion to evade international sanctions.
IRGC-related transactions accounted for 56% of the total volume on the two exchanges from 2023 to 2025, mostly using the Tron network’s USDT. The funds grew from around $24 million in 2023 to $619 million in 2024 and $410 million in 2025. The two exchanges claim to comply with anti-money laundering regulations but did not respond to requests for comments. (The Block)
