CoinEx Denies Iran Cooperation, Says Domain Blocked Since 2021

According to a statement from CoinEx, the exchange responded to recent Wall Street Journal reporting by denying any cooperation with Iran or its government entities. CoinEx stated that all referenced transactions with entities like Alireza Derakhshan and Zedcex occurred before U.S. sanctions were imposed, and the exchange has never knowingly provided services to sanctioned entities. The exchange noted its domain has been blocked in Iran since 2021, demonstrating it is not an official channel for Iranian authorities.

CoinEx said it has initiated a comprehensive review and exit procedure from Iran-related risk exposures, including refusing Iranian user registrations, implementing geographic restrictions, enhancing sanctions monitoring systems, and freezing accounts of identified sanctioned entities or individuals.