Investigation links illicit billions to crypto exchanges

As crypto goes mainstream, at least $28 billion linked to crime flowed into major exchanges over the past two years, an investigation by The New York Times, ICIJ and partners found. Funds from North Korean hackers and scammers worldwide repeatedly landed on platforms including Binance and OKX, even after high‑profile penalties and compliance pledges. Binance also struck a $2 billion deal with President Trump’s crypto firm, while the Trump administration’s Justice Department dismantled a crypto enforcement team in April. Investigators traced hundreds of millions from Cambodia’s Huione Group and the Bybit hack through services that fed deposits into Binance.