Svmuu News: Since 2019, wallets with clear ties to Iran have transferred more than $3.84 billion in transaction funds through the cryptocurrency exchange CoinEx.Among these, wallets hosted by CoinEx received cryptocurrency assets obtained by the Central Bank of Iran through hacking attacks and conducted direct transactions with accounts previously identified by U.S. officials as belonging to the Islamic Revolutionary Guard Corps.
Blockchain data shows that in 2024, CoinEx replaced Binance as the largest foreign counterparty to Nobitex, Iran’s largest domestic cryptocurrency exchange. Last year, the flow of funds between Nobitex and CoinEx exceeded $763 million.In addition, between 2022 and 2025, CoinEx’s custodial wallets also processed transactions for Alireza Derakhshan, an Iranian national suspected of involvement in a sanctioned oil sales network. (WSJ)