Report Claims $425 Million Moved to IRGC-Linked Entities via Crypto Platform

Foreign-source reports say about $425 million was transferred to entities linked to Iran’s Islamic Revolutionary Guard Corps through a cryptocurrency platform, raising fresh concerns over sanctions exposure and suspicious financial flows. The alleged transactions underscore the scale of digital channels being used in networks tied to Iran. The report also said Iran’s Central Bank sent $107 million in crypto assets to accounts on the same platform through a series of transactions in 2025. It added that suspicious activity involving individuals and organizations linked to Iran was identified during the year, including movements in May. The total amount could reach billions of dollars within a broader network, the report said. No further details were provided on the structure of that network or the final recipients of the funds. The platform said it had not processed transactions involving sanctioned individuals or wallets and stated that the necessary steps had been taken. The allegation adds to scrutiny of cryptocurrency platforms amid international sanctions enforcement efforts.