CoinEx's Role in Processing $3.8 Billion in Iran-Linked Transactions Raises Concerns
A report from TRM Labs indicates that CoinEx has processed significant funds linked to Iran, with connections to terrorist organizations and sanctioned Russian entities.
Editorial Staff
1 min read
Updated 6 days ago
According to a recent report by TRM Labs, CoinEx has processed approximately $3.8 billion in funds associated with Iran.
The report highlights that CoinEx has also had interactions with terrorist organizations, including the Islamic Revolutionary Guard Corps.
Additionally, the exchange is noted for its connections to entities that are under international sanctions, particularly those from Russia.