PANews June 25 news, according to The Wall Street Journal, analysis of public blockchain data shows that Iranian entities conducted over $3.84 billion in transactions through the cryptocurrency exchange CoinEx. The investigation found that suspicious transactions earlier this year linked to two digital wallets controlled by Iran's central bank could be traced back to $1.5 billion stolen by North Korean hackers from Bybit. After the funds arrived at the Iranian wallets, they passed through a complex maze of transactions before ultimately flowing to CoinEx — an exchange that has become a key channel for Iran to use cryptocurrency to evade broad U.S. economic sanctions.
WSJ: Iranian Entities Conducted Over $3.84 Billion in Transactions via CoinEx
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