How a crypto exchange became a major hub for illicit Iranian cash
June 25, 2026
CoinEx, an 8-year-old exchange founded by a Chinese engineer, has played a growing role in connecting Iran’s crypto operations to the wider world, blockchain data shows. Since 2019, wallets with an identifiable link to Iran have moved more than $3.84 billion through CoinEx, according to blockchain intelligence firm TRM Labs.…
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