On-chain analysis questions the U.S. allegations of "Iranian crypto assets," as some seized wallets may be linked to actors from other countries.

ME News report, May 4 (UTC+8), Nominis analysis says that some “Iran-related” crypto wallets recently seized and frozen by the U.S. OFAC may not match the Islamic Revolutionary Guard Corps (IRGC)’s prior on-chain operating patterns, and may instead involve other state-level actors. Previously, the U.S. Treasury Department said that in “Operation Economic Fury,” more than $340 million—amounting to nearly $500 million in total—of Iran-related crypto assets had been frozen. Nominis CEO Snir Levi said that historically, IRGC-related wallets typically distribute funds across multiple addresses, keep balances in any single wallet relatively low, avoid long-term holdings, and reduce the risk of being frozen through complex operations; however, the wallets that were seized this time show clear differences in their fund structure and behavior patterns. He believes this raises a key question: out of the frozen $340 million, how much is directly controlled by the IRGC, and how much involves broader infrastructure that may even overlap with other countries’ financial networks. Levi also noted that organizations—including the IRGC and potential Chinese state-level actors—are continuously upgrading how they use blockchain infrastructure, and that traditional static risk-control tags are no longer sufficient; behavioral analysis and address clustering are becoming increasingly critical. (Source: ChainCatcher)