tldr; Iran’s Islamic Revolutionary Guard Corps (IRGC) reportedly moved hundreds of millions of dollars in cryptocurrency during a nationwide internet blackout following U.S.–Israeli strikes, according to a cyber intelligence report. Despite the blackout, over 1,100 active crypto nodes operated in Iran, suggesting specialized infrastructure exempt from shutdowns. The funds were linked to proxy war financing and personal wealth protection. The U.S. Treasury has sanctioned Iranian crypto exchanges to counter such activities.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
fan_of_hakiksexydays on
The good news is crypto is proving once again to still work and be quiet the useful tool when you’re in a jam.
The bad news is there’s potentially billions in crypto that could hit the market and be sold by Iran’s recipients, unless they’re ready to hodl through potentially a couple years of bear market.
PrizePermission9432 on
Of course they did. 🖕 Bitcoin
partymsl on
Every country in such situations use Crypto.
Yet people can’t seem understand how valuable Crypto actually is…
Medium-Owl-9324 on
don’t lose the key! lol
TheGreatCryptopo on
This is good for crytpo.
PapiMak on
The beauty of crypto.
InterBeard on
Awesome use case for Crimecoin (Bitcoin)
Svv-Val on
The price didn’t seem to notice.
GPThought on
this is what crypto was made for. banks shut down, governments block transfers, but the blockchain keeps running. everyone talks about digital gold but the censorship resistance part is way more important
11 Comments
tldr; Iran’s Islamic Revolutionary Guard Corps (IRGC) reportedly moved hundreds of millions of dollars in cryptocurrency during a nationwide internet blackout following U.S.–Israeli strikes, according to a cyber intelligence report. Despite the blackout, over 1,100 active crypto nodes operated in Iran, suggesting specialized infrastructure exempt from shutdowns. The funds were linked to proxy war financing and personal wealth protection. The U.S. Treasury has sanctioned Iranian crypto exchanges to counter such activities.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
The good news is crypto is proving once again to still work and be quiet the useful tool when you’re in a jam.
The bad news is there’s potentially billions in crypto that could hit the market and be sold by Iran’s recipients, unless they’re ready to hodl through potentially a couple years of bear market.
Of course they did. 🖕 Bitcoin
Every country in such situations use Crypto.
Yet people can’t seem understand how valuable Crypto actually is…
don’t lose the key! lol
This is good for crytpo.
The beauty of crypto.
Awesome use case for Crimecoin (Bitcoin)
The price didn’t seem to notice.
this is what crypto was made for. banks shut down, governments block transfers, but the blockchain keeps running. everyone talks about digital gold but the censorship resistance part is way more important
Iran showing the way