OFAC Designates Iranian-Linked Crypto Exchanges in First-Ever Action Targeting Digital Asset Firms in Iran’s Financial Sector
TL;DR OFAC designated two UK-registered crypto exchanges, Zedcex and Zedxion, for working in Iran’s monetary sector and processing cryptocurrency transactions for the Islamic Revolutionary Guard Corps (IRGC). The motion contains seven Tron (TRX) addresses related to Zedcex, a service that has reportedly processed over $94 billion in transactions since its registration in August 2022. This…
