Reports emerged that Iran’s Islamic Revolutionary Guard Corps intercepted an enemy cruise missile near Khorramabad in the western province of Lorestan. The claim arrives against a backdrop of sustained military tension between Iran and the US-Israeli axis, with Khorramabad already in the spotlight after confirmed strikes on the Imam Ali Missile Base earlier this year.
The IRGC isn’t just Iran’s military backbone. It’s also one of the largest state-linked actors in global cryptocurrency, controlling approximately 50% of the country’s crypto activity.
The IRGC’s crypto footprint is enormous
In the fourth quarter of 2025, IRGC-affiliated addresses received over $3 billion in cryptocurrency flows.
In July 2026, Israeli authorities sanctioned 37 crypto wallets linked to the IRGC, collectively valued at around $8 million. That sounds impressive until you compare it to the $3 billion quarterly flow. It’s roughly 0.27% of one quarter’s activity.
