IRGC’s Billion-Dollar Crypto Conundrum Awaits in the UK! 🚀💥

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In a plot twist worthy of Master and Margarita, Iran’s beloved Islamic Revolutionary Guard Corps (IRGC) has conjured a billion-dollar cryptocurrency scheme through the foggy British Isles. As revealed by blockchain-forensics firm TRM Labs, this financial sorcery involves two local crypto platforms, Zedcex and Zedxion, behaving as one enigmatic enterprise since 2023.

These exchanges flit about, entangling sanctioned IRGC wallets with offshore intermediaries and a few local crypto wizards in Iran, much to the chagrin of those monitoring such playful intrigue!

How the Great Web Was Spun

Like a diligent satanic investigator, TRM followed their trail, tracing every tiny digital breadcrumb through 187 wallet addresses, previously identified by Israeli counterparts as under the IRGC’s spell. Astonishingly, these IRGC-linked dealings comprised 56% of the combined exchanges’ volume from 2023 to 2025, like a steady flow of phantom money mainly in USDT on the Tron chain. From approximately $24 million in 2023 to a staggering $619 million in 2024, and $410 million in 2025-this captivates the imagination indeed!

UK Registration and the Fools’ Gold of Compliance

These exchanges paraded themselves as conventional trading entities, allegedly armed with the usual anti-money-laundering safeguards. Nevertheless, they wear different masks: Zedcex proscribes Iran entirely, while Zedxion bids it “hello.” Each, predictably, turned a deaf ear to inquiries from The Washington Post, while the U.K. Treasury’s most clandestine offices politely dismissed any comment.

The Arena of Investigators and Industry Doomsayers

ARI Redbord of TRM, always eloquently pressing the dark buttons of policy wisdom, speaks of an emerging crypto infrastructure so tenacious it might even laugh in the face of sanctions. A former U.S. Treasury official opined to The Washington Post that these digital dealings herald a new era for Iran’s shadow banking networks.

Indeed, The Post unearthed one such transaction, a zestful $10 million journey from an IRGC wallet to a Yemeni associate, himself cloaked in sanctions for fueling Yemen’s infamous Houthis, all within an offseason transfer!

The Import of It All

Under the weight of immense sanctions by U.S. and Western authorities, the IRGC has long relied on a cadre of front companies, much like Woland’s adroit cat. The revelation from TRM hints at an artful leap in finesse: turning UK-registered crypto exchanges into enduring courses for their transactions, side-stepping the weary veins of traditional banking.

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2026-01-11 08:44