CoinEx Rejects Claims of Involvement with Sanctioned Iranian Crypto Activities
Following a report by TRM Labs detailing over $3.84 billion in crypto transactions linked to sanctioned Iranian platforms, CoinEx has denied any involvement.
Editorial Staff
1 min read
Updated 5 days ago
CoinEx has publicly denied any knowledge of facilitating transactions for Iranian entities that are under sanctions. This statement comes in response to findings by TRM Labs.
TRM Labs reported that it identified more than $3.84 billion in crypto flows associated with CoinEx and over 60 platforms that are sanctioned by various authorities.
The situation raises questions about the oversight of cryptocurrency exchanges and their potential connections to sanctioned markets.