CoinEx Denies 'Knowledge' of Aiding Sanctioned Iran Crypto Market in $3.8 Billion Disconnect
Decrypt·
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CoinEx denies any involvement in aiding the sanctioned Iranian crypto market, despite TRM Labs uncovering over $3.84 billion in crypto flows between CoinEx and more than 60 sanctioned Iranian platforms. This revelation raises concerns about CoinEx's compliance with sanctions regulations, potentially impacting its reputation and future business operations in the global crypto market.
TRM Labs said it uncovered over $3.84 billion in crypto flows between CoinEx and a web of more than 60 sanctioned Iranian platforms.