Hupzy (Spot On Chain)|Jun 25, 2026 01:46
๐จ The Wall Street Journal reported that Iran-linked entities moved more than $๐ฏ.๐ด๐ฐ ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป through crypto exchange CoinEx, with investigators tracing connections to the $๐ญ.๐ฑ ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป ๐๐๐ฏ๐ถ๐ ๐ต๐ฎ๐ฐ๐ธ โ one of the largest in crypto history.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: A WSJ investigation tying CoinEx to $3.84B in Iran-linked flows and the Bybit hack is a significant regulatory risk signal. For traders, this raises questions about CoinEx's compliance infrastructure and potential regulatory action from U.S. authorities. Exchanges with weaker KYC/AML frameworks may face increased scrutiny following this report. The connection to North Korean-linked stolen funds adds a second layer of reputational and legal risk.
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