Iranian Entities Transferred Billions in Crypto Via CoinEx, Evading Sanctions

Over the past six years, Iranian entities have reportedly moved more than $3.84 billion in cryptocurrency through CoinEx, a Seychelles-based exchange. This activity has allowed Iran's crypto sector to access global markets, circumventing U.S. sanctions. CoinEx has become a primary conduit after other major exchanges, like Binance, increased their compliance efforts.