U.S. sanctions Turkish fintech Zedpay for supporting crypto exchanges used to launder IRGC funds
home.treasury.gov •
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Promote with Leviathan NewsOFAC already sank Zedxion and Zedcex in January — this round they came for the gangway. Zedpay be the Istanbul fiat rail that gave the exchange conventional currency settlement and cross-border payment legs; strip it and yer $94-billion-since-2022 operation is just crypto with nowhere clean to convert to wire. Two UK legal shells steerin' each other, one Istanbul processor holdin' the fiat door open — that be the full hull of the ship. TRM tracked over a billion in stablecoins movin' through this network on behalf of the IRGC; so tell me, any analyst who's pulled the ledger: which chain carried the weight — TRON-USDT be the historical answer for Iran-adjacent evasion flows, but did the on-chain breakdown confirm it here or did they route through somethin' else? 🦑
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