dirt

The New York Times reported that over the past two years, as much as $28 billion in funds directly related to illegal activities has flowed into major cryptocurrency exchanges. This money comes from hackers, thieves, and extortionists, traceable to North Korean cybercriminals, as well as scam groups from Minnesota to Myanmar. Among them, the world's largest exchange, Binance, is one of the main recipients of "dirty money"—it reached a $2 billion business deal with a cryptocurrency company linked to the Trump family in May of this year.At least eight other well-known exchanges have also received these funds, including the rapidly expanding OKX in the United States. The New York Times stated that its main findings include: Binance continued to receive over $400 million in deposits from Cambodia's Huione Group after pleading guilty in 2023— the U.S. Treasury has listed Huione as a key node in criminal activities. This year, $900 million from North Korean hackers has flowed into Binance's deposit accounts. OKX received over $220 million in deposits from Huione within five months after reaching a $504 million settlement with the U.S. government in February for violating the Money Transmission Act.In 2024, global cryptocurrency exchanges received at least $4 billion in funds related to scams, with the stolen funds ultimately flowing to major exchanges like Binance, OKX, Bybit, and HTX. Last year, over $500 million flowed into Binance, OKX, and Bybit from "crypto-to-cash" counters. These counters allow users to exchange digital currencies for cash, many of which operate in physical storefronts, providing criminals with a convenient exit route.

ChainCatcher message, South Korean trader Definalist posted on social media, "We have discovered the dirty behavior of insiders suspected of investing in Vana (the wallet that made me buy VANA NFT early).Everyone who may suffer significant losses from the NFT in today's listing announcement on Upbit will be looking forward to our post. Stay tuned."

ChainCatcher news, Musk posted on the X platform stating that the U.S. Securities and Exchange Commission (SEC) is a weaponized agency engaged in political dirty work.

ChainCatcher news, Hong Kong Customs has dismantled a money laundering group, arresting 4 individuals who are suspected of using multiple shell companies to receive a large amount of overseas cross-border remittances and laundering 1.5 billion HKD in dirty money through virtual currency transactions. All individuals are currently out on bail pending investigation, and approximately 2.2 million in assets across several of their bank accounts have been frozen.Pan Yeqin, the investigation officer of the Organized Crime and Triad Bureau, stated that the 4 arrested individuals include a family of 3 and a local man, among whom an Asian father and son duo are the masterminds of the group. The investigation indicates that from 2020 to 2022, they received large amounts of unexplained funds from overseas, some of which are linked to foreign criminal activities. The two established multiple shell companies in Hong Kong, transferring the large sums obtained over the two years to more than 30 accounts across 7 banks, with the largest single transfer amounting to 23 million HKD. Pan Yeqin mentioned that the group would then split the transactions, transferring smaller amounts to 180 third-party accounts, and recruited another 31-year-old local man, who was also arrested, with a monthly remuneration of 70,000 HKD to handle 300 million HKD in dirty money through virtual currency.