TechFlow News, June 25: According to The Wall Street Journal, blockchain public-chain data analysis shows that Iranian entities have conducted over $3.84 billion in transactions via the cryptocurrency exchange CoinEx to circumvent U.S. economic sanctions.
Investigators traced funds linked to two digital wallets controlled by the Central Bank of Iran and found they were connected to $1.5 billion stolen by North Korean hackers from the Bybit exchange. After flowing through complex, multi-layered transaction pathways, these funds ultimately entered CoinEx, making it one of the core channels through which Iran leverages cryptocurrencies to bypass sanctions.
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