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TRM Labs January 9: UK‑registered Zedcex and Zedxion handled $1B tied to IRGC
TRM Labs said in a January 9 report that UK‑registered exchanges Zedcex and Zedxion enabled about $1 billion in flows linked to Iran's IRGC. Illicit share peaked at 87% in 2024, with transfers largely in USDT on TRON, and corporate records tied Zedcex to sanctioned financier Babak Morteza Zanjani.