The Wall Street Journal reported that Iran-linked entities moved more than $3.84 billion through crypto exchange CoinEx since 2019.Â
Summary
- CoinEx now faces scrutiny after WSJ linked Iran-related wallets to $3.84b in transactions since 2019.
- Investigators reportedly traced central bank wallets to Bybit hack funds tied to North Korean actors.
- The report lands as U.S. authorities widen crypto sanctions actions against Iranian exchanges and wallets.
The report cited TRM Labs and public on-chain data. It said CoinEx became one of the main crypto routes allegedly used to move funds outside U.S. sanctions.
The report said investigators found unusual activity from two…
