TechCointelegraphabout 6 hours ago
Iran-linked entities moved $3.8B through CoinEx, TRM says
1 min read
TRM Labs traced $3.8 billion moved by 60 sanctioned Iranian entities through CoinEx since 2019. $2.7 billion flowed between CoinEx and Nobitex at $1 million per day. CoinEx's 8% illicit share far exceeded the 0.3% threshold at other exchanges. CoinEx denied any commercial relationship with Iranian entities.
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