CoinEx Denies WSJ Report of $3.84B Iranian Fund Transfers
CoinEx denies a Wall Street Journal report that it facilitated $3.84 billion in Iranian fund transfers, saying it had no commercial ties with Iranian state entities.
CoinEx has rejected allegations from a Wall Street Journal report that the exchange and its affiliated mining pool ViaBTC processed over $3.84 billion in funds linked to Iran over seven years. The Journal's investigation, based on data from TRM Labs, claimed that more than 60 Iranian crypto services were involved.
CoinEx founder and CEO Haipo Yang acknowledged that Iranian users actively used the platform but denied any connection to Iranian authorities or sanctions evasion. The exchange stated it had no commercial relationships with Iranian state structures or local trading venues and did not provide funding channels to sanctioned individuals.
Source: ForkLog