Iran’s Islamic Revolutionary Guard Corps (IRGC) moved roughly $1 billion through crypto exchanges registered in the United Kingdom, according to a report cited by The Block and The Washington Post.
The reporting describes the activity as involving UK-registered exchanges and links it to IRGC-related entities. The articles do not provide full underlying transaction data in public view, and additional specifics about the exchanges involved, the time period covered, and the transaction paths are not fully detailed in the coverage.
Both outlets frame the findings in the context of sanctions compliance and the use of cryptocurrency for cross-border value transfer. The extent to which any specific platform knowingly facilitated the activity is not established in the reporting cited, and any enforcement or regulatory response has not been confirmed in the articles.
The reports matter for users and the broader ecosystem because they highlight ongoing scrutiny of exchange registration, compliance controls, and the monitoring of illicit finance risks tied to sanctioned actors.
Key facts
- The IRGC is alleged to have moved about $1 billion using crypto, according to the cited report.
- The activity reportedly involved crypto exchanges registered in the UK.
- The coverage links the transactions to IRGC-related entities.
- Further details about the specific exchanges and transaction routes are still emerging.
Sources
About Leonard Kravets
cryptocurrency journalist and market analyst focused on the intersection of blockchain, culture, and real-world adoption. Known for his clear, data-driven writing style, he covers emerging altcoins, DeFi trends, and the risks behind hype-driven projects. With a strong emphasis on education, transparency, and spotting potential scams before they spread.
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