Preheat the oil in a deep fryer or large skillet over medium heat.
Pat the shrimp dry with paper towels.
Set up a breading station with flour, beaten eggs, and a mixture of coconut and panko breadcrumbs.
Dredge each shrimp in the seasoned flour, then dip in the egg, and finally coat with the breadcrumb mixture.
Carefully place the breaded shrimp into the hot oil, frying in batches.
Fry for about 2-3 minutes on each side until golden and crispy.
Remove the shrimp from the oil and drain on paper towels.
Serve immediately with sweet chili sauce.