PANews reported on January 11th that, according to The Block, a new analysis by TRM Labs reveals that since 2023, the Iranian Islamic Revolutionary Guard Corps (IRGC) has used two UK-registered cryptocurrency exchanges, Zedcex and Zedxion, to transfer approximately $1 billion to circumvent international sanctions. Between 2023 and 2025, transactions related to the IRGC accounted for 56% of the exchanges' total trading volume, with the vast majority of these transactions conducted on Tron using USDT.