Brind.

CoinEx is helping Iran evade US sanctions by being used by the Iranian shadow banking system, which involves funds stolen from Bybit.

1 report, 1 independent Updated Jun 1

AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

Bybit Central Bank of Iran

How it developed

Newest first. Tap a step to see who reported it.

Jun 25Funds from a Bybit exploit were traced to Central Bank of Iran wallets.Sub-event
Jun 1CoinEx aids Iran's shadow banking system to bypass US sanctions, utilizing funds stolen from Bybit.1 source
- livemint.com

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The entities involved

Bybit
cryptocurrency exchange
- Major financial players, including Chainlink, Coinbase, and Bybit, are launching synchronized asset settlement protocols and exploring licensed crypto presence.Thu 14:53
- Traders are migrating from defunct BitMEX to platforms like Bybit, and the Celsius estate has sued BitMEX over liquidation losses.Thu 00:13
Central Bank of Iran
Iranian central bank

Nothing else this week.

Coverage

Newest first; wire copies grouped

Jun 1livemint.com