This specific analysis is based on just three high-volume Huione cryptocurrency addresses we identified:

TMqDrZa5kEebg5wi3W3wusVZ6ZF2w6JczH TQuFSvpct2FeBrKjRh8NDqtGAci2Z15RSa TAuMZwRsMEAkfyJvKimsoWdNGfE4WyeMFd

This amounted to roughly 1 million per day in Tether transfers from the laundering group, called Huione, to Binance. This flow hardly abated after Treasury issued the May alert on Huione for its laundering activities

Meet the 001k Exchange, offering to deliver stacks of cash for crypto in NYC, DC, San Francisco, Montreal and in major cities around the globe — with no license to do so. Their known crypto wallet addresses have moved more than $14 billion USD in digital currency

Last month, President Trump pardoned Binance's billionaire founder Changpeng Zhao for money laundering lapses that facilitated crypto payments for terrorists, child abusers, etc.

Binance pleaded guilty to these crimes in 2023. But what's it been up to since? we at @icij.org took a look:

From Dubai to Toronto, my colleague @spencerwoodman.bsky.social dives in the world of crypto-to-cash storefronts fueling money laundering’s new frontier
These shadowy operations have made it easier than ever to move dirty money around the world. #CoinLaundry www.icij.org/investigatio...