Core Insights - A global investigation has revealed that illicit funds continue to flow through Binance, despite the company's commitment to enhance compliance controls following a U.S. guilty plea [1][2]. Group 1: Illicit Fund Flows - The International Consortium of Investigative Journalists (ICIJ) found that wallet addresses associated with scams and organized crime funneled substantial amounts into Binance accounts during 2024 and 2025 [3]. - Wallets linked to Huione Group, a Cambodian financial institution flagged by U.S. authorities, transferred over $408 million into Binance customer accounts over a 12-month period [3]. - An additional $900 million in cryptocurrency was reported to have arrived at Binance this year from a swapping service used by North Korean hackers after a significant theft [4][5]. Group 2: Regulatory Environment - The investigation has raised questions about how major trading platforms manage illicit deposits, particularly in light of Donald Trump's regulatory policies and their potential impact on exchange oversight [2][7]. - The CEO of ChainArgos indicated that the timing of the inflows suggested a connection to hacked funds, which should have triggered alerts within Binance [6]. - Binance's spokeswoman stated that while the platform cannot block incoming blockchain transfers, it takes appropriate actions once suspicious activities are identified [6].