Iran's most notorious sanctions evader returns with crypto exchanges and gold-backed tokens
- —Zanjani was sentenced to death in 2016; the term was commuted to 20 years in 2024 and he was freed in April 2025
- —Zedcex has processed over $94 billion in total transaction volume since registering in 2022
- —TRM Labs: about $1 billion in stablecoins reached IRGC-linked wallets via Zedcex and Zedxion in 2023-2025
- —OFAC sanctioned nine more Dot One entities in July, including the gold-backed Tala token
Why it matters: The case shows how crypto exchanges and Tron-based stablecoins have become a core sanctions-evasion channel, raising pressure on the industry's compliance controls.
Source: BitcoinBázis