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CoinEx

Not licensedNo EU authorizationESMA register

CoinEx Global Ltd

ExchangeSeychelles Founded 2017coinex.com
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Last reviewed
27 Aug 2026
2026-08-27

Compliance snapshot

  • No EU, UK or US exchange authorization disclosed
  • Barred from serving New York residents under a 2023 settlement
  • September 2023 hot-wallet theft of roughly USD 70m
Overall concern
High concern

Offshore venue with thin licensing, a USD 70m wallet compromise in 2023 attributed to a state-linked actor, and a New York settlement that bars it from serving the state.

Licenses & registrations

  • SeychellesRegistered
    VASP registration
    Financial Services Authority SeychellesFSCA
    VASP-SC-2021-0392021-10-12
    Verify at source

Reputation

Verified reputation data is unavailable

The ratings on file are illustrative and have no source URL or collection date. A verified source and review date are needed before scores can be displayed here.

Customer reviews
Source needed. A direct review-platform source and collection date are needed.
App Store & Google Play
Source needed. Verified store listings and collection dates are needed.
Press sentiment
Source needed. A dated source set and calculation method are needed.
Suggest a reputation source

Recent press

  • 2026-06-24
    How CoinEx became Iran's primary gateway to global crypto marketsNegative

    TRM Labs — TRM Labs traced over USD 3.8bn in flows between CoinEx and Iranian entities over seven years, including exposure linked to sanctioned groups — a high sanctions-risk signal for counterparties.

  • 2026-05-19
    CoinEx rebuilds wallet architectureNeutral

    CoinDesk — The venue described segregation changes made since the 2023 breach.

  • 2026-02-17
    Offshore venues remain outside EU perimeterNegative

    Reuters — CoinEx was among operators without a MiCA application on file.

  • 2025-11-24
    State-linked hacking of exchanges persistsNegative

    Bloomberg — Analysts tied further thefts to the group blamed for the CoinEx breach.

  • 2025-07-09
    US state enforcement reshapes accessNegative

    Financial Times — The 2023 New York settlement continued to limit US market access.

  • 2025-03-06
    CoinEx publishes reserve snapshotNeutral

    CoinDesk — A self-reported wallet snapshot was released.

Incidents & enforcement

  1. 2023-12-12EnforcementUSD 1,700,000

    Settlement with the New York Attorney General over unregistered securities and commodities trading; the venue is barred from serving New York residents.

  2. 2023-09-12HackUSD 70,000,000

    Hot-wallet compromise attributed by investigators to the Lazarus Group; the venue said user balances were covered.

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Profile last reviewed 27 Aug 2026 (2026-08-27)