# Binance Accounts Linked to Zanjani Moved About $850 Million

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/28906
Published: 2026-10-09T11:43:53.000Z
Updated: 2026-10-09T11:43:53.000Z
Section: Regulation

> An 80-page Binance report identified 21 accounts and at least $67 million sent to wallets associated with Iran’s Islamic Revolutionary Guard Corps.

A network linked to Iranian businessman Babak Zanjani processed about $850 million through 21 Binance accounts, with at least $67 million moving to wallets associated with Iran’s Islamic Revolutionary Guard Corps (IRGC).

The activity was detailed in an 80-page internal report Binance prepared in April at the request of the United Arab Emirates’ financial intelligence unit. U.S. and Israeli authorities have accused Zanjani of operating a secret payment network for the IRGC.

The report identified Zedcex, a crypto company linked to Zanjani, as processing nearly $830 million through its corporate account. About $56 million was withdrawn to wallets associated with the IRGC.

It also identified Tajik national Sukhrob Oimakhmadov as a high-value customer. Oimakhmadov received more than $10 million from IRGC-associated wallets starting in late 2023 and transferred the funds onward.

Binance said it detected the activity months earlier. Accounts associated with sanctions violations were barred from trading and later removed from the platform. Binance froze the relevant accounts at the end of 2025 and removed the customer’s final account in May 2026.

The exchange said treating the network’s total transaction volume as money sent to the IRGC would be materially misleading. Binance had previously investigated transactions involving Iranian currency exchangers while retaining the customers’ identities.