Crypto Exchanges Face Scrutiny: Millions in Fees from Crime-Linked Transactions

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author: CryptoNews

date: November 17, 2025

1 min. read

The International Consortium of Investigative Journalists (ICIJ) has released a report alleging that major cryptocurrency exchanges, including Binance and OKX, profited significantly from transactions linked to criminal activity. The ICIJ, collaborating with 37 media partners across 35 countries, tracked hundreds of cryptocurrency addresses associated with suspicious activity over the past two years. The report claims these exchanges generated millions of dollars in fees by processing these transactions. While the specific figures and details of the alleged criminal activities remain under scrutiny, the report raises concerns about the effectiveness of Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols within the crypto industry. This news highlights the ongoing debate surrounding regulation and oversight within the cryptocurrency space. Increased scrutiny from regulatory bodies and media outlets is expected as authorities strive to combat the use of digital assets for illicit purposes. The findings could lead to stricter regulations for crypto exchanges globally. ```