Iran-linked actors are increasingly engaging with the cyber crime ecosystem. Their activity suggests a growing reliance on criminal tools, services, and operational models in support of state objectives. Iranian actors have long used cyber crime and hacktivism as cover for destructive activity, but the trend now suggests direct engagement with the criminal ecosystem. This dynamic appears most prominently among Ministry of Intelligence and Security (MOIS)-linked actors, particularly Void Manticore (a.k.a “Handala Hack”) and MuddyWater, where repeated overlaps with criminal tools, services, or clusters have been observed. Such engagement offers a dual advantage: it enhances operational capabilities through access to mature criminal tooling and resilient infrastructure, while complicating…