Overview
- OFAC designated Zedcex Exchange Ltd. and Zedxion Exchange Ltd., blocking U.S.-linked assets and prohibiting U.S. persons from transacting with them.
- The Treasury said this is its first action naming digital asset exchanges for operating in Iran’s financial sector.
- Seven Tron addresses associated with Zedcex were listed, including overlaps with wallets Israel’s NBCTF previously attributed to the IRGC.
- Officials cited that one exchange processed more than $94 billion in transactions since 2022 and noted links to Iranian businessman Babak Morteza Zanjani.
- The action accompanied sanctions on senior Iranian officials over protest repression and is prompting crypto firms to tighten compliance reviews.