EL7.AI
CryptoMedium•25 June 2026•
1 min read

CoinEx Processed $3.8 Billion in Iran-Linked Funds, TRM Labs Report Says

Key Facts

1TRM Labs reported that CoinEx processed $3.8 billion in Iran-linked funds.
2The platform interacted with terrorist organizations including the Islamic Revolutionary Guard Corps and sanctioned Russian entities.

Amid growing regulatory scrutiny on cryptocurrency exchanges, a report by TRM Labs revealed that CoinEx processed $3.8 billion in Iran-linked funds. According to the report, the platform interacted with terrorist organizations including the Islamic Revolutionary Guard Corps (IRGC) and sanctioned Russian entities, pointing to potential violations of international sanctions laws.

This revelation comes as the U.S. Office of Foreign Assets Control (OFAC) intensifies enforcement of Iran and Russia sanctions, having previously fined other crypto platforms for non-compliance. CoinEx's interaction with prohibited entities signals gaps in compliance procedures, which could expose the exchange to financial penalties or operational restrictions.

Traders are closely watching developments, as potential sanctions could reduce trading volume on the platform or even lead to its shutdown. The focus remains on any official response from CoinEx or new regulatory actions.