Iranian Revolutionary Guard Transferred One Billion US Dollars Through British Crypto Exchanges
Blockchain analysts reveal how the Iranian Revolutionary Guard has moved approximately one billion dollars through two UK-registered trading platforms since 2023.
The Islamic Revolutionary Guard Corps of Iran has transferred approximately one billion US dollars through two cryptocurrency exchanges registered in the United Kingdom since 2023, according to findings by blockchain analysis firm TRM Labs, as reported by the Washington Post [1].
The platforms in question are Zedcex and Zedxion, which according to TRM Labs effectively operate as a single entity under different brand names. The transfers were used to circumvent international sanctions [1].
Between 2023 and 2025, transactions that could be attributed to Revolutionary Guard wallets accounted for 56 percent of the total trading volume of both exchanges. The majority of transfers were conducted using the stablecoin Tether on the Tron blockchain [1].
Transaction volume increased from 24 million dollars in 2023 to 619 million dollars in 2024 and reached an additional 414 million dollars in 2025. The analysis is based on tracking 187 wallet addresses that Israeli authorities attributed to the Revolutionary Guard [1].
Among the identified transactions was a ten million dollar payment to a Yemeni citizen who had been sanctioned by the US Treasury Department for financing the Houthi militia [1].
Sources
- [1]btc-echo.de
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