Here’s How CoinEx Became a Critical Gateway for Iran’s Crypto Economy
CoinEx processed billions in transfers with Iranian exchanges, including more than $2.7 billion in transactions with OFAC-sanctioned Nobitex since 2018.
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CoinEx processed billions in transfers with Iranian exchanges, including more than $2.7 billion in transactions with OFAC-sanctioned Nobitex since 2018.
TRM Labs traced $3.84B between CoinEx and Iran-linked entities as OFAC named four Iran exchanges. Counterparty exposure is back in focus for desks and users.
OFAC designated three financial facilitators and six money service businesses across Europe, Syria, Turkey, and Nigeria for moving funds to ISIS and its West Africa affiliate using crypto, including two TRON addresses tied to a French national.