WashingtonForensics traced $3.84bn between CoinEx and Iran.
TRM Labs named CoinEx as Nobitex’s top trading partner — $2.7bn of the flows — with exposure to 60 Iranian crypto platforms over 7 years.
The US Treasury sanctioned Nobitex and 3 other Iranian exchanges this month; CoinEx says it is exiting Iran business.
Sources: CoinDesk