Rich by Coin

The series of investigative reports into crypto, dubbed the Coin Laundry, shows how illicit funds are funneled through major exchanges such as Binance, OKX, Coinbase, Kraken, Bybit and Kucoin.
These funds were linked to criminal enterprises across the world, including North Korean hackers, Chinese and Russian criminal gangs focused on people trafficking, fentanyl distribution, and brazen crypto-cash storefront operations in places like Ukraine and Dubai.
The findings demonstrate how the rise of blockchain technology — coupled with the speed, anonymity and global reach of cryptocurrency transactions — has quietly spawned a shadow financial system that operates faster, darker and beyond the reach of regulators and law enforcement.
For decades, we’ve shown how hidden money moves through offshore havens. Now we’re revealing how the same forces are exploiting crypto markets to move illicit cash in plain sight.
The cryptocurrency trading world is scrutinized by several large blockchain analytics companies that trace illicit funds and suspect wallet addresses, many of whom are contracted to work with the compliance departments of the big exchanges.