Funding of the Revolutionary Guards by Iranian businessman Babak Zanjani
May 29, 2026
Iranian businessman Babak Zanjani is said to have financed the Revolutionary Guards with at least $850 million through cryptocurrencies, bypassing Western sanctions. Authorities found that nearly half of the funds are linked to military activities of Iran. The financing was carried out through a network and accounts belonging to Zanjani's family members. Transactions were processed via Binance, which is under scrutiny for its compliance procedures. The main account remains active.