Woofun AI reports that CoinEx issued a statement addressing a Wall Street Journal article regarding transactions linked to Alireza Derakhshan and Zedcex/Zanjani. The exchange asserts all such transactions predated U.S. Treasury sanctions and maintains it has never cooperated with Iranian government entities or provided funding channels to sanctioned parties. CoinEx highlights its 2021 blacklisting by Iran as evidence of non-recognition by the Iranian state.

The platform stated it assisted Bybit with account interception and asset freezing following a reported hack. In response to sanctions on local exchanges like Nobitex, CoinEx implemented a comprehensive risk exit strategy. Measures include blocking Iranian user registrations, enforcing geo-fencing, terminating non-compliant accounts, and upgrading its Know Your Transaction system to monitor high-risk addresses.