The Treasury’s « Economic Fury » campaign has frozen nearly $500 million in assets tied to the Islamic Revolutionary Guard Corps in 2026 alone, including $131 million in cryptocurrency. FinCEN issued a formal alert warning financial institutions that the IRGC is exploiting digital assets to evade sanctions and launder proceeds from oil smuggling operations. Crypto exchanges Shelbit and Nobitex were specifically identified as platforms connected to IRGC laundering operations. The Treasury has expanded sanctions to aviation and shipping sectors, warning foreign businesses that secondary sanctions apply if they deal with IRGC-linked counterparties.
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