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Iran's Revolutionary Guard Transfers $1 Billion Through UK-Based Cryptocurrency Platforms

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According to TRM Labs, Iran's Revolutionary Guard Corps (IRGC) has moved $1 billion through UK-based cryptocurrency platforms Zedcex and Zedxion since 2023. The IRGC accounted for 56% of the platforms' total trading volume from 2023 to 2025, primarily using Tron-based USDT. The funds transacted increased from $24 million in 2023 to $619 million in 2024, and then to $410 million in 2025. Both platforms claim to comply with anti-money laundering (AML) regulations, but have not made public comments. The cryptocurrency news highlights the significant scale of these transactions.

BlockBeats news: On January 11, blockchain analytics firm TRM Labs reported that Iran's Islamic Revolutionary Guard Corps (IRGC) has been transferring approximately $1 billion through two UK-registered cryptocurrency exchanges, Zedcex and Zedxion, since 2023, in an effort to circumvent international sanctions.


Transactions related to the IRGC (Islamic Revolutionary Guard Corps) accounted for 56% of the total volume of two exchanges from 2023 to 2025, with most transactions using USDT on the Tron network. The funds increased from approximately $24 million in 2023 to $619 million in 2024 and $410 million in 2025. The two exchanges claimed to comply with anti-money laundering regulations but did not respond to requests for comment. (The Block)

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