TRM Labs: The Iranian Revolutionary Guard transfers approximately $1 billion through a UK-registered cryptocurrency exchange

2026-01-11 08:12:49

Collection

According to a report by The Block, a recent analysis by TRM Labs shows that since 2023, the Islamic Revolutionary Guard Corps (IRGC) of Iran has transferred approximately $1 billion using two UK-registered cryptocurrency exchanges, Zedcex and Zedxion, to evade international sanctions.

From 2023 to 2025, transactions related to the Islamic Revolutionary Guard Corps (IRGC) accounted for 56% of the total trading volume on the exchanges, with the vast majority of transactions conducted in USDT on Tron.

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