**[The New York Times: Over $28 Billion in Illegal Funds Flowed into Crypto Platforms in Two Years]** Odaily Planet Daily News: In the past two years, approximately $28 billion linked to illegal activities such as hacking, fraud, and extortion has flowed into multiple cryptocurrency trading platforms worldwide. Binance has been identified as one of the primary recipients, with OKX, Bybit, HTX, and other platforms also listed. The report states that some of these funds can be traced back to North Korean cybercrime organizations and transnational fraud groups operating from Minnesota, USA, to Myanmar. Key findings highlighted in the report include: - Binance, after pleading guilty in 2023, continued to receive over $400 million in deposits from Cambodia's Huione Group (identified by the U.S. Treasury Department as a critical node for criminal activities). - This year, approximately $900 million from North Korean hackers flowed into Binance. - OKX, shortly after reaching a $504 million settlement with U.S. authorities in February 2024, received over $220 million in deposits from Huione within the following five months. In 2024, global trading platforms collectively received at least $4 billion in fraud-related funds, which ultimately flowed to mainstream platforms such as Binance, OKX, Bybit, and HTX. Additionally, over $500 million was funneled into various platforms through offline "crypto cash-out counters," which allow users to directly exchange crypto assets for cash and are considered critical channels for laundering criminal funds. *(The New York Times)*