A report from the New York Times reveals that $280 billion in illicit funds has flowed through cryptocurrency exchanges over the past two years, with Binance identified as a significant recipient. The investigation highlights the scale of money laundering activities facilitated by these platforms. Binance, one of the largest cryptocurrency exchanges, has reportedly handled a substantial portion of this “dirty money.” The findings raise concerns about the regulatory oversight of cryptocurrency exchanges and their role in financial crime. The report underscores the need for stricter regulations to combat the misuse of digital currencies.
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