ICIJ Exposes ‘Coin Laundry,’ Crypto’s Shadow Financial System
The International Consortium of Investigative Journalists (ICIJ), a global network comprising hundreds of reporters which helped highlight major money laundering operations such as the Panama Papers, has turned its attention to cryptocurrency, and found an almost inexhaustible trove of iniquity.
The ICIJs series of investigative reports into crypto, dubbed the Coin Laundry, showed how illicit funds are funneled through major exchanges such as Binance, OKX, Coinbase, Kraken, Bybit and Kucoin.
The crypto funds tracked by ICIJ were linked to criminal enterprises across the world including North Korean hackers, Chinese and Russian criminal gangs focused on people trafficking, drug dealing substances like fentanyl, Mexico’s Sinaloa drug…
