🚨 CoinEx faces scrutiny over $3.84 billion in Iran-linked crypto flows, according to a Wall Street Journal report 🚨
A new report says Iran-linked entities moved more than $3.84 billion through crypto exchange CoinEx since 2019. The article says investigators used on-chain data and analysis from TRM Labs to trace flows tied to Iranian wallets and stolen Bybit funds.
🔑 Key highlights:
🔹️ The report says Iran-linked entities moved more than $3.84 billion through CoinEx since 2019.
🔹️ It says investigators traced unusual activity from two wallets controlled by the Central Bank of Iran earlier this year.
🔹️ The article says those funds were linked to assets stolen in the Bybit hack, which U.S. officials have blamed on North Korean actors.
🔹️ CoinEx has not been hit with new U.S. action in the report, but the claims have placed the exchange under fresh review.
🔹️ The article says the case adds to broader U.S. sanctions pressure on Iranian exchanges and crypto-linked financial activity.
🎯 Bottom Line: The report says CoinEx is under new scrutiny after investigators linked billions in Iran-related crypto flows to the exchange.
https://crypto.news/coinex-faces-scrutiny-over-3-84b-iran-linked-crypto-flows-wsj/