In brief
- The ICIJ’s “Coin Laundry” investigation has revealed recurring illicit-flow patterns across exchanges, brokers, and crypto-to-cash storefronts.
- Case files show more than $600 million in flows from Huione Group into Binance and OKX accounts while both platforms faced U.S. enforcement actions.
- The patterns reflect shared vulnerabilities and opportunistic networks that have formed over shared infrastructure or mutual convenience, Decrypt was told.
A series of investigations conducted by the International Consortium of Investigative Journalists (ICIJ) has found that illicit actors moved large amounts of crypto through exchanges, brokers, and cash-out services, with recurring patterns persisting even as some platforms operated…
Nov 17 2025
