UK moves to dissolve Zedxion Exchange Ltd, a crypto platform accused of funneling funds to Iran’s IRGC, after investigations revealed fake registrations and transactions enabling sanctions evasion 

An OCCRP investigation revealed that the exchange used false registration details and a fictitious director to obscure its connections to sanctioned individuals, enabling it to operate under the radar of UK authorities. This move follows U.S. sanctions targeting Zedxion and its affiliated firm for allegedly handling wallets tied to the IRGC. Blockchain analysis indicates that the platform processed substantial funds for networks linked to Iran, highlighting how crypto exchanges can be exploited to evade sanctions and finance illicit activity…