Iran's Revolutionary Guard Officials Accused of Stealing $21 Million in Cryptocurrency While Investigating Corruption Cases
Senior officials from the Iranian Revolutionary Guard Corps have been accused of stealing about $21 million in cryptocurrency while investigating corruption cases.
what happened: The so-called theft occurred during an investigation into Cryptoland, a digital exchange whose CEO was closed after being arrested, Nina Estavi, It is reported that on Sunday, May 2021, Iran's international.
The report said blockchain records show that the 6 billion BRG tokens created by Estavi were transferred from his cryptocurrency wallet the day after his arrest. The tokens were allegedly sold by Revolutionary Guard officials, creating millions of dollars for themselves.
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Two key characters, Mehdi Hajipour and Mehdi Badi, Senior interrogators of the Economic Branch of the Revolutionary Guards are determined by experts appointed by the court. The expert's report confirmed that the wallet controlled by Hajipour sold more than $21 million worth of BRG tokens.
In March 2022, Hajipour was arrested by Revolutionary Defender Counterintelligence Agents during a sting operation while accepting a $10,000 payment from Estavi, who they believe is buying back the stolen tokens from a third party.
Iran's Revolutionary Guards are a branch of the Iranian armed forces, responsible for defending the regime from internal and external threats. Its media department, Sepah News, did not immediately return Benzinga's request for comment.
Why it matters: Iran announced a cryptocurrency regulatory framework last year to eliminate serious sanctions caused by its economy due to tensions with the West.
The initiative aims to “eliminate negative effects while leveraging the positive effects of digital currencies” and align Iran’s activities with the global economy.
According to a February research report released by blockchain analysis company Chain Analysis, cryptocurrencies flow out of Iran’s exchanges, including Bitcoin (crypto: BTC), which increases at times when geopolitical volatility is high, means people are using digital assets as hedges.
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