Nominis analysis has raised questions about the U.S. Treasury's recent seizure of crypto wallets labeled as 'Iran-linked.' According to Nominis CEO Snir Levi, the on-chain behavior of these wallets does not align with the typical operational methods of Iran’s Islamic Revolutionary Guard Corps (IRGC). This discrepancy suggests potential involvement by other state-level actors. Under "Operation Economic Fury," the U.S. Treasury reported freezing over $340 million in Iranian-related crypto assets, totaling nearly $500 million. However, Levi highlights that the seized wallets differ in fund structure and behavior from those historically linked to the IRGC, which typically disperse funds across multiple addresses and maintain low balances. This raises questions about the actual control of these assets and the possible overlap with financial networks of other nations. Levi emphasizes the need for advanced behavioral analysis and address clustering to adapt to evolving blockchain strategies by organizations like the IRGC and potential Chinese actors.