The Coin Laundry: How Crypto giants moved billions tied to crime and hackers
An investigative report by ICIJ reveals that major cryptocurrency exchanges like Binance and OKX continued processing hundreds of millions of dollars in transactions linked to money laundering, drug trafficking, and cybercrime—even after pleading guilty to anti-money laundering violations and being placed under court-ordered monitoring.
Crypto giants transferred billions connected to money laundering, drug cartels, and North Korean cybercriminals
The investigation found that between 2023-2025, at least $408 million from Cambodia-based Huione Group (used by Chinese crime gangs for scam operations) flowed through Binance, while OKX received over $226 million from the same source, including $161 million after Huione was officially…
