Overview
- Companies House issued a compulsory strike-off notice for Zedxion Exchange Ltd after finding misleading, false or deceptive incorporation information.
- TRM Labs estimates show Zedxion and sister platform Zedcex processed about $1 billion linked to the IRGC, rising to 87% of volume in 2024 ($619.1 million).
- OCCRP reporting indicates listed director Elizabeth Newman was likely a fictitious identity presented with stock images.
- Earlier filings named “Babak Morteza,” whose identifying details matched sanctioned Iranian financier Babak Zanjani before his removal in August 2022.
- The U.S. Treasury’s OFAC designated Zedxion and Zedcex in January for allegedly enabling Iran sanctions evasion, setting up the UK action.