CoinEx Denies 'Knowledge' of Aiding Sanctioned Iran Crypto Market in $3.8 Billion Disconnect (opens original article in a new tab)

CoinEx denied allegations of knowingly facilitating $3.8 billion in sanctioned Iranian crypto flows, calling itself a neutral platform, while TRM Labs claims the exchange was central to Iran's crypto ecosystem and involved in a money laundering scheme.

• TRM Labs reported over $3.84 billion in crypto flows between CoinEx and 60+ sanctioned Iranian platforms over seven years
• CoinEx denied knowledge of aiding sanctioned Iranian funds, calling itself a neutral platform for ordinary users
• TRM alleged CoinEx was the biggest lifeline for Iran's crypto ecosystem and involved in a money laundering scheme with $67 million from Iran's central bank