Gate News reports that on March 6, a certain CEX issued a statement in response to a February 24 inquiry from U.S. Senator Richard Blumenthal regarding anti-money laundering issues. The platform stated that the inquiry was based on recent media reports containing false, unsubstantiated, and defamatory allegations, and that the company has a strict and continuously improving compliance and sanctions control system.
The platform said it has established rigorous KYC and compliance procedures, explicitly prohibiting users located in or residing in Iran from using the platform. Regarding the entities Hexa Whale and Blessed Trust mentioned in the letter, the platform stated that after cooperating with law enforcement investigations, it launched internal investigations and removed these entities from the platform in August 2025 and January 2026, respectively. As far as they know, no accounts have directly transacted with Iranian entities.
Data shows that the platform has invested hundreds of millions of dollars in building compliance infrastructure in recent years, with a global compliance team exceeding 1,500 members. In 2025 alone, it handled over 71,000 law enforcement requests. Over the past three years, it has assisted law enforcement in freezing or recovering more than $752 million, with approximately $579 million coming from U.S. government cases.
Blockchain analysis indicates that from January 2024 to July 2025, the proportion of wallet transactions involved in suspected illegal activities decreased from 0.284% to 0.009%, a decline of nearly 97%. The risk exposure of Iranian-related crypto exchanges dropped 97.3% over two years. The platform stated it will continue to strengthen its compliance system and law enforcement cooperation.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Polish lawmakers want to overturn the president’s veto of the cryptocurrency bill but failed again in their latest attempt to push it through.
Poland’s parliament failed to override the president’s veto of the cryptocurrency regulatory bill, stalling the process of digital-asset legislation and making it one of the few countries in the EU that has not yet implemented the MiCA framework. Differences between the president and the government over the bill’s content led to a political stalemate, affecting market confidence and legal transparency.
ChainNewsAbmedia49m ago
Polish Parliament Fails to Override President's Veto on Crypto Law; PM Alleges Russian Interference
Polish lawmakers failed to override President Nawrocki's veto on a cryptocurrency regulation bill aimed at aligning with EU standards. Tensions rise as accusations emerge of Russian influence in a major crypto exchange amid liquidity issues and lack of regulation.
GateNews2h ago
White House Mediates Clarity Act Stablecoin Dispute, Witt Reveals Legislative Timeline
Patrick Witt announced at the Solana Policy Institute summit that the White House mediated a stablecoin dispute to advance the Clarity Act. The compromise allows banks and crypto firms to together address regulatory concerns, with future focus on crypto taxation and blockchain integration strategies among financial institutions.
GateNews9h ago
Hong Kong SFC Investment Committee Warns Prediction Market Trading May Constitute Illegal Gambling
The Hong Kong SFC warns that prediction markets are speculative and not investment products, lacking regulatory protection. They involve gambling elements, potentially making them illegal. The committee urges the public to differentiate between investment and gambling.
GateNews11h ago
Economist Proposes National USD Stablecoin to Eliminate Currency Controls in Venezuela
Alejandro Grisanti, head of Ecoanalitica, proposed issuing a national USD stablecoin as part of a series of measures to lift currency controls in Venezuela. This system would complement the current auction system, allowing the excluded sector to receive dollars via blockchain rails.
Key
Coinpedia14h ago
Elizabeth Warren Accuses SEC Chair Paul Atkins of Misleading Congress Over Enforcement Decline
Senator Elizabeth Warren accused SEC Chair Paul Atkins of misleading Congress about enforcement actions' decline. With only 456 new cases in 2025, concerns arise regarding the SEC's effectiveness and the regulatory landscape for cryptocurrency and market oversight.
GateNews14h ago
