A report from a cyber intelligence firm alleges that cryptocurrency infrastructure linked to Iran's Islamic Revolutionary Guard Corps (IRGC) transferred hundreds of millions of dollars out of the country during a nationwide internet blackout The blackout followed reported US-Israeli strikes on February 28, according to the analysis by RAKIA, a firm specializing in data analysis for government and security agencies
The cyber intelligence report, reviewed by Fox News Digital, claims that RAKIA's team began monitoring Iranian cryptocurrency activity in real-time after the strikes and detected a significant outflow of funds from crypto accounts linked to Iran Omri Raiter, RAKIA's founder and CEO, stated that his team observed a "surge of funds since the first hours of the war" He elaborated that the amount "started with tens of millions in the first hours and it grew to hundreds of millions and more"
This reported activity suggests the existence of a financial network capable of operating despite widespread disruptions to national internet infrastructure. For international observers and policymakers, the key strategic implication is how such systems could be used by sanctioned entities to bypass global financial regulations. While the source does not specify the destination or purpose of the funds, the reported ability of an IRGC-linked network to move vast sums during a period of national crisis points to a sophisticated and resilient method for conducting financial operations outside of conventional, more easily monitored banking systems
Mohsin Rana
