Woofun AI reports, Blockchain data analysis reveals that Iranian entities executed over $3.84 billion in transactions via CoinEx to circumvent U.S. economic sanctions. Investigators traced funds linked to two wallets controlled by the Central Bank of Iran, which are connected to the $1.5 billion stolen by North Korean hackers from Bybit. After traversing complex multi-layer transaction paths, these assets ultimately settled on CoinEx, establishing the exchange as a primary conduit for Iran's sanctions evasion efforts using cryptocurrency.