Iran's Cryptocurrency Evasion Machine Exposed

The Iranian regime has institutionalized cryptocurrency as a primary mechanism to evade international sanctions and fund proxy groups, according to a report by Treadstone 71.

The report details how Iran's crypto ecosystem received over $7.78 billion in 2025, with addresses linked to the Islamic Revolutionary Guard Corps (IRGC) accounting for over $3 billion of this total.

The regime uses a sophisticated seven-layer shadow banking system to convert oil revenues into USDT and layer them through intermediary wallets before cashing out.

Nobitex, a major Iranian crypto exchange, processed over 50% of Iran's digital asset inflows in 2025, handling massive transaction volumes before off-ramping funds through weakly compliant or sanctioned international exchanges.