CoinEx denies claims it served as $3.84 billion gateway to sanctioned Iranian crypto firms
CoinDesk·
60-second summary
CoinEx is denying claims it served as a $3.84 billion gateway to sanctioned Iranian crypto firms, contradicting blockchain analysts TRM Labs who say CoinEx facilitated over $3.8 billion in blockchain-traced flows with these entities. The dispute highlights concerns over crypto's role in evading sanctions, potentially impacting CoinEx's reputation and regulatory scrutiny in the market.
Blockchain analysts TRM Labs says CoinEx facilitated more than $3.8 billion in blockchain-traced flows with sanctioned Iranian crypto entities. CoinEx disputes the findings.