CoinEx Responds to Allegations of Facilitating $3.84 Billion in Transactions with Sanctioned Iranian Firms
CoinEx has denied allegations from TRM Labs that it enabled over $3.8 billion in transactions with sanctioned Iranian crypto entities, asserting its compliance with regulations.
Editorial Staff
1 min read
Updated 6 days ago
Blockchain analysts from TRM Labs have claimed that CoinEx facilitated significant financial flows exceeding $3.8 billion with Iranian entities subject to sanctions.
In response, CoinEx has disputed these findings, emphasizing its commitment to regulatory compliance in the cryptocurrency space.
The allegations have sparked discussions about compliance practices within the crypto industry, highlighting ongoing concerns regarding adherence to international sanctions.