The Islamic Revolutionary Guard Corps confirmed on May 28 that it targeted a US airbase in direct retaliation for American strikes near Bandar Abbas, Iran. The move sent immediate shockwaves through crypto markets, triggering roughly $200 million in liquidations across digital asset positions.

The IRGC described the retaliatory action as a “serious warning” and stated that any future aggression would be met with a “more decisive” response.

What happened, and why crypto cares

US airstrikes near Bandar Abbas airport occurred at approximately 4:50 a.m. local time, with Iranian reports characterizing the strikes as provocative. Iran reported no casualties from the American action.

The IRGC’s retaliatory…