According to Nominis analysis on May 3, certain crypto wallets frozen by U.S. OFAC as Iranian-linked assets display on-chain behavior patterns that diverge significantly from Iran’s Islamic Revolutionary Guard Corps (IRGC) historical operational methods, suggesting involvement by other state-level actors. Nominis CEO Snir Levi noted that the $3.4 billion in frozen assets—part of the U.S. Treasury’s “Operation Economic Fury” campaign, which has targeted nearly $5 billion in total Iranian-related crypto holdings—may not all be directly controlled by IRGC, with some infrastructure potentially overlapping broader international financial networks.
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