2026-04-09 12:04:35
Chainalysis: Since December 2024, Iran has been selling oil with the help of cryptocurrency, with transaction amounts exceeding $178 million
Iran’s regime is increasingly using cryptocurrencies for cross-border trade, especially in oil sales. In 2024, an IRGC member linked to the Houthis facilitated more than $178 million in oil transactions through crypto addresses; by 2025, the network began purchasing weapons from Russia using cryptocurrencies, with transaction volumes nearing $1 billion.