Hupzy (Spot On Chain)|Jun 25, 2026 01:46
🚨 The Wall Street Journal reported that Iran-linked entities moved more than $𝟯.𝟴𝟰 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 through crypto exchange CoinEx, with investigators tracing connections to the $𝟭.𝟱 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗕𝘆𝗯𝗶𝘁 𝗵𝗮𝗰𝗸 — one of the largest in crypto history.
𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: 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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