TRM Labs: Iran's Revolutionary Guard transferred about $1 billion through a UK-registered crypto exchange

PANews reported on January 11, citing The Block, that a recent analysis by TRM Labs shows that since 2023, the Islamic Revolutionary Guard Corps (IRGC) of Iran has transferred approximately 1 billion dollars through two UK-registered cryptocurrency exchanges, Zedcex and Zedxion, to evade international sanctions. Between 2023 and 2025, transactions related to the IRGC accounted for 56% of the total trading volume on these exchanges, with the vast majority of transactions conducted in USDT on Tron.