UK’s Companies House Moves to Dissolve Zedxion Exchange After U.S. Sanctions
According to OCCRP and UK Companies House, Zedxion faces dissolution over allegedly misleading registration filings after earlier sanctions linked the crypto exchange to Babak Zanjani and Iran’s IRGC.
Fact Check
The statement is factually accurate and corroborated by official UK government filings (Companies House), investigative journalism (OCCRP), and U.S. government sanctions (OFAC). The exchange was found to have used a fictitious identity ('Elizabeth Newman') for its director and was linked to the IRGC and Babak Zanjani, leading to its forced dissolution.
Summary
UK Companies House moved to strike off Zedxion Exchange Ltd, a crypto exchange previously linked by U.S. sanctions to Iran-related illicit finance allegations. According to OCCRP, the exchange was sanctioned over ties to Babak Zanjani and Iran’s Islamic Revolutionary Guard Corps. The latest UK notice cited misleading, false, or deceptive information in Zedxion’s registration filing, adding a new stated basis for the dissolution process alongside earlier U.S. Treasury and EU actions.
Terms & Concepts
- Crypto exchange: A platform where users buy, sell, and transfer digital assets such as cryptocurrencies.
- Sanctions: Government-imposed restrictions targeting entities, individuals, or jurisdictions to limit financial and commercial activity.
- IRGC: The Islamic Revolutionary Guard Corps, an Iranian military and political organization that has been targeted by multiple international sanctions programs.