$1.5 billion-crypto connection: How North Korean heist ended in Iran's central bank

A massive crypto heist, initially linked to North Korea, has unraveled a complex financial web connecting to Iran's central bank. Investigators discovered stolen funds moving through wallets associated with Iran's central bank before reaching CoinEx, a key exchange facilitating Iranian crypto users. This revelation underscores the growing role of digital assets in Iran and the challenges in monitoring cross-border transactions.

By TOI BUSINESS DESK