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Founded in December 2017, CoinEx is a professional provider of crypto exchange services.
CoinEx Responds to Wall Street Journal Report: Denies Collaboration with Iranian Government and Sanctioned Entities, Strengthens Compliance Controls
CoinEx issued a statement regarding the related report by The Wall Street Journal, stating that the platform has never established commercial relationships with entities linked to the Iranian government, domestic Iranian exchanges, or other sanctioned parties, nor has it provided financial channels or assistance to such parties. CoinEx noted that it was placed on Iran’s blacklist as early as 2021, and its official domain is also blocked within Iran.
CoinEx Emerges as Key Hub for Iran Sanctions Evasion, Involving Over $3.8 Billion in Funds
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 connections to the $1.5 billion stolen by North Korean hackers from the Bybit exchange. After flowing through complex, multi-layered transaction paths, these funds ultimately entered CoinEx—making it one of the central channels through which Iran uses cryptocurrencies to bypass sanctions.
Analyst: History May Repeat Itself, Bitcoin Price Could Drop to $33,000
According to Cointelegraph, cryptocurrency analysts are divided on whether Bitcoin will reenact its historical “Sell in May” pattern in 2026. In the two midterm election years—2018 and 2022—Bitcoin experienced sharp declines in May, falling approximately 30% and 70%, respectively. Analyst Merlijn Enkelaar warned that this historical pattern could repeat, with Bitcoin potentially dropping to $33,000. Joao Wedson, CEO of Alphractal, also noted that if Bitcoin remains persistently below $78,000, the likelihood of a new capitulation phase increases. However, Jeff Ko, Chief Analyst at CoinEx, argued that past crashes stemmed from specific shocks—including the Mt. Gox incident, China’s ICO regulations, the Federal Reserve’s monetary tightening, and the collapses of Terra and FTX—not from calendar-based seasonality. He added that the launch of spot ETFs, corporate treasury allocations, and progress on the CLARITY Act have significantly broadened the institutional buyer base, making a 70–80% deep correction unlikely this cycle. Analyst Michaël van de Poppe highlighted $76,000 as the current critical support level; failure to hold it would likely trigger further downside pressure.
CoinEx Emerges as Key Hub for Iran Sanctions Evasion, Involving Over $3.8 Billion in Funds
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 connections to the $1.5 billion stolen by North Korean hackers from the Bybit exchange. After flowing through complex, multi-layered transaction paths, these funds ultimately entered CoinEx—making it one of the central channels through which Iran uses cryptocurrencies to bypass sanctions.
Analyst: History May Repeat Itself, Bitcoin Price Could Drop to $33,000
According to Cointelegraph, cryptocurrency analysts are divided on whether Bitcoin will reenact its historical “Sell in May” pattern in 2026. In the two midterm election years—2018 and 2022—Bitcoin experienced sharp declines in May, falling approximately 30% and 70%, respectively. Analyst Merlijn Enkelaar warned that this historical pattern could repeat, with Bitcoin potentially dropping to $33,000. Joao Wedson, CEO of Alphractal, also noted that if Bitcoin remains persistently below $78,000, the likelihood of a new capitulation phase increases. However, Jeff Ko, Chief Analyst at CoinEx, argued that past crashes stemmed from specific shocks—including the Mt. Gox incident, China’s ICO regulations, the Federal Reserve’s monetary tightening, and the collapses of Terra and FTX—not from calendar-based seasonality. He added that the launch of spot ETFs, corporate treasury allocations, and progress on the CLARITY Act have significantly broadened the institutional buyer base, making a 70–80% deep correction unlikely this cycle. Analyst Michaël van de Poppe highlighted $76,000 as the current critical support level; failure to hold it would likely trigger further downside pressure.
WSJ: Iran-linked wallets moved over $3.84 billion in assets through CoinEx
According to Odaily, since 2019, wallets with clear ties to Iran have transferred over $3.84 billion in transaction funds through the cryptocurrency exchange CoinEx. Among these, wallets hosted by CoinEx received hacked crypto assets acquired by the Central Bank of Iran and conducted direct transactions with accounts previously identified by U.S. officials as belonging to Iran's Islamic Revolutionary Guard Corps.Blockchain data shows that in 2024, CoinEx replaced Binance as the largest foreign counterparty for Iran's biggest domestic crypto exchange, Nobitex. Last year, the flow of funds between Nobitex and CoinEx exceeded $763 million. Additionally, between 2022 and 2025, wallets hosted by CoinEx also processed transactions for Alireza Derakhshan, an Iranian individual allegedly involved in a network selling sanctioned oil. (WSJ)
CoinEx Emerges as Key Hub for Iran Sanctions Evasion, Involving Over $3.8 Billion in Funds
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 connections to the $1.5 billion stolen by North Korean hackers from the Bybit exchange. After flowing through complex, multi-layered transaction paths, these funds ultimately entered CoinEx—making it one of the central channels through which Iran uses cryptocurrencies to bypass sanctions.
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CoinEx Responds to Wall Street Journal Report: Denies Collaboration with Iranian Government and Sanctioned Entities, Strengthens Compliance Controls
CoinEx issued a statement regarding the related report by The Wall Street Journal, stating that the platform has never established commercial relationships with entities linked to the Iranian government, domestic Iranian exchanges, or other sanctioned parties, nor has it provided financial channels or assistance to such parties. CoinEx noted that it was placed on Iran’s blacklist as early as 2021, and its official domain is also blocked within Iran.
WSJ: Iran-linked wallets moved over $3.84 billion in assets through CoinEx
According to Odaily, since 2019, wallets with clear ties to Iran have transferred over $3.84 billion in transaction funds through the cryptocurrency exchange CoinEx. Among these, wallets hosted by CoinEx received hacked crypto assets acquired by the Central Bank of Iran and conducted direct transactions with accounts previously identified by U.S. officials as belonging to Iran's Islamic Revolutionary Guard Corps.Blockchain data shows that in 2024, CoinEx replaced Binance as the largest foreign counterparty for Iran's biggest domestic crypto exchange, Nobitex. Last year, the flow of funds between Nobitex and CoinEx exceeded $763 million. Additionally, between 2022 and 2025, wallets hosted by CoinEx also processed transactions for Alireza Derakhshan, an Iranian individual allegedly involved in a network selling sanctioned oil. (WSJ)
CoinEx Emerges as Key Hub for Iran Sanctions Evasion, Involving Over $3.8 Billion in Funds
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 connections to the $1.5 billion stolen by North Korean hackers from the Bybit exchange. After flowing through complex, multi-layered transaction paths, these funds ultimately entered CoinEx—making it one of the central channels through which Iran uses cryptocurrencies to bypass sanctions.
Analyst: History May Repeat Itself, Bitcoin Price Could Drop to $33,000
According to Cointelegraph, cryptocurrency analysts are divided on whether Bitcoin will reenact its historical “Sell in May” pattern in 2026. In the two midterm election years—2018 and 2022—Bitcoin experienced sharp declines in May, falling approximately 30% and 70%, respectively. Analyst Merlijn Enkelaar warned that this historical pattern could repeat, with Bitcoin potentially dropping to $33,000. Joao Wedson, CEO of Alphractal, also noted that if Bitcoin remains persistently below $78,000, the likelihood of a new capitulation phase increases. However, Jeff Ko, Chief Analyst at CoinEx, argued that past crashes stemmed from specific shocks—including the Mt. Gox incident, China’s ICO regulations, the Federal Reserve’s monetary tightening, and the collapses of Terra and FTX—not from calendar-based seasonality. He added that the launch of spot ETFs, corporate treasury allocations, and progress on the CLARITY Act have significantly broadened the institutional buyer base, making a 70–80% deep correction unlikely this cycle. Analyst Michaël van de Poppe highlighted $76,000 as the current critical support level; failure to hold it would likely trigger further downside pressure.