UK sanctions Iranian-linked network for planning attacks and laundering billions through crypto exchanges
Crypto Briefing
The UK has sanctioned an Iranian-linked network for laundering $1 billion through crypto exchanges and coordinating hostile activities in the West.Summary
The UK government has imposed sanctions on 12 individuals and entities associated with Iran's Zindashti network. This group is accused of laundering approximately $1 billion since 2021 through UK-registered crypto exchanges, Zedxion and Zedcex, primarily using Tether (USDT). These funds are linked to the Islamic Revolutionary Guard Corps and designated financiers. Furthermore, the network is alleged to be coordinating hostile operations on Western soil, highlighting the intersection of state-sponsored terror financing and crypto-asset exploitation.
(Source：Crypto Briefing)