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ICIJ Probe Finds Major Crypto Exchanges Processed Billions in Illicit Funds

The investigation shows exchanges serving as critical on‑off ramps where lax checks let criminal proceeds reach traditional finance.

Alors que l’Europe renforce la transparence des plateformes de cryptomonnaies, les Etats-Unis suivent un chemin inverse
Des centaines de millions d’euros de cryptomonnaies liées à des organisations criminelles internationales sur des plateformes majeures du secteur
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Overview

  • ICIJ and partner outlets traced tens of thousands of transactions and estimate roughly $28 billion laundered through cryptocurrencies.
  • Between July 2024 and July 2025, Binance received at least $408 million from Huione‑linked addresses, while OKX accounts took in about $226 million from the same networks.
  • An audit for the project found that more than $900 million from the $1.5 billion Bybit ether theft moved through Binance‑controlled addresses.
  • Current and former staff described overwhelmed anti‑money‑laundering teams and controls shaped by fee‑driven volume incentives that discourage aggressive blocking.
  • Oversight is fragmented, with the EU’s MiCA boosting transparency, the United States curbing actions against platforms including dissolving a DOJ unit and pardoning Binance’s founder, while France keeps a judicial inquiry open and U.S. Treasury and FinCEN designate Huione and bar it from the U.S. financial system.