Wall Street Journal: CoinEx Processed $3.84B in Iran-Linked Transactions Since 2019

According to Wall Street Journal reporting on blockchain analytics, CoinEx processed more than $3.84 billion in transactions linked to Iranian entities since 2019. Investigators traced funds from wallets identified as controlled by Iran's Central Bank and found connections to cryptocurrency stolen during the 2025 Bybit hack, which the FBI attributed to North Korean hackers. While CoinEx has not been accused of wrongdoing by US authorities or faced new enforcement action, the report raised concerns about the exchange's anti-money laundering and sanctions compliance measures.
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