CryptoBearishCrypto Briefing · Jun 25🔥 8/10
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Bybit linked to $2B in illicit Iranian cash flow through crypto exchange
Bybit, a major cryptocurrency exchange, has been linked to approximately $2 billion in illicit financial flows originating from Iran, exposing significant vulnerabilities in crypto platforms' compliance mechanisms. The incident highlights how exchanges can be exploited for sanctions evasion and illicit finance, raising concerns about regulatory enforcement and AML protocols across the industry.
