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US Treasury Sanctions Crypto Exchanges Zedcex and Zedxion Over Iran Ties

The US Treasury's Office of Foreign Assets Control sanctioned digital asset platforms Zedcex Exchange and Zedxion Exchange on Jan. 31 for links to Iranian businessman Babak Morteza Zanjani, BlockBeats reports. Zedcex has processed over $94 billion in transactions since its August 2022 registration, with multiple addresses on both platforms previously handling funds for wallets tied to Iranian official entities. OFAC also sanctioned Iran's Interior Minister Eskandar Momeni Kalagari and several other Iranian officials.
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