IRGC Transfers $1 Billion via Cryptocurrency to Evade Sanctions
- Scale of Fund Transfers: Since 2023, the Iranian Revolutionary Guard Corps has transferred approximately $1 billion through UK-registered cryptocurrency exchanges, indicating a strategic intent to utilize cryptocurrencies to circumvent international sanctions.
- Surge in Transaction Volume: According to TRM Labs, IRGC-related transactions amounted to $24 million in 2023, skyrocketed to $619 million in 2024, and accrued an additional $410 million in 2025, demonstrating Iran's positioning of the crypto market as a shadow banking system to counter sanctions.
- Exchange Interconnectivity: The exchanges Zedcex and Zedxion were found to operate as different brands of a single operation, with 56% of the total transaction volume originating from IRGC-linked wallets, highlighting their covert role within international financial monitoring systems.
- Analysis of Fund Utilization: Investigations revealed that IRGC utilized cryptocurrency transfers to fund regional proxy groups, exemplified by a $10 million payment to a Yemeni individual sanctioned by the U.S. for smuggling Iranian oil, underscoring the potential use of cryptocurrencies in arms trade.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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