A recent report by the International Consortium of Investigative Journalists (ICIJ), titled “The Coin Laundry,” has unveiled evidence of criminal activities conducted through major cryptocurrency exchanges, aimed at evading global regulatory scrutiny.

The investigation alleges that money launderers, linked to drug trafficking, Southeast Asian scam centers, and North Korean hackers, have been leveraging major exchanges to facilitate their illicit operations.

Crypto Money Laundering Operations Linked To Huione Group

The ICIJ’s analysis highlights that, as recently as July 2025, the Huione Group, a Cambodian financial entity flagged by US authorities as a “primary money laundering concern,” transferred approximately $1 million worth of Tether’s USDT stablecoin daily to accounts at

See Full Page