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 [&#8230;]

كشف تقرير حديث صادر عن التحالف الدولي للصحفيين الاستقصائيين (ICIJ) بعنوان 'غسيل العملات' أن بورصات العملات المشفرة الكبرى، بما في ذلك بينانس وOKX، قد استُخدمت من قبل مجرمين لغسل الأموال غير المشروعة. تسلط التحقيقات الضوء على الروابط بين هذه البورصات وأنشطة إجرامية متنوعة، مثل تهريب المخدرات، ومراكز الاحتيال في جنوب شرق آسيا، وعمليات القرصنة المرتبطة بكوريا الشمالية. يثير هذا مخاوف بشأن فعالية التدابير التنظيمية في قطاع العملات المشفرة.

Un informe reciente del Consorcio Internacional de Periodistas de Investigación (ICIJ), titulado 'The Coin Laundry', ha revelado que importantes intercambios de criptomonedas, incluidos Binance y OKX, han sido utilizados por criminales para blanquear fondos ilícitos. La investigación destaca conexiones entre estos intercambios y diversas actividades criminales, como el tráfico de drogas, estafas originadas en el sudeste asiático y operaciones de piratería informática vinculadas a Corea del Norte. Esto plantea preocupaciones sobre la efectividad de las medidas regulatorias en el sector de las c…

Un rapport récent du Consortium international des journalistes d'investigation (ICIJ), intitulé 'The Coin Laundry', a révélé que des échanges de cryptomonnaies majeurs, dont Binance et OKX, ont été exploités par des criminels pour blanchir des fonds illicites. L'enquête met en lumière des liens entre ces échanges et diverses activités criminelles, telles que le trafic de drogue, des escroqueries en provenance d'Asie du Sud-Est et des opérations de piratage liées à la Corée du Nord. Cela soulève des inquiétudes quant à l'efficacité des mesures réglementaires dans le secteur des cryptomonnaies.

A recent report by the International Consortium of Investigative Journalists (ICIJ), titled 'The Coin Laundry,' has revealed that major cryptocurrency exchanges, including Binance and OKX, have been exploited by criminals to launder illicit funds. The investigation highlights connections between these exchanges and various criminal activities, such as drug trafficking, scams originating from Southeast Asia, and hacking operations linked to North Korea. This raises concerns about the effectiveness of regulatory measures in the cryptocurrency sector.

Crypto Exchanges Binance, OKX Used By Criminals To Disguise Illicit Funds, ICIJ Investigation Finds

Bitcoin’s derivatives market is showing signs of a reset after a speculative 2025, with Binance open interest falling more than 31% from an October peak as futures-led selling pressure cools, a combination CryptoQuant contributor Darkfost argues often coincides with meaningful cycle lows. In a series of posts on X, Darkfost said 2025’s leverage build-up was fueled by record activity on Binance, where futures trading volumes “exceeded $25T,” helping push Bitcoin open interest (OI) to an all-time high “of over $15B on October 6.” “To put this into perspective, during the previous bull cycle in November 2021, when Bitcoin hit its ATH, open interest on Binance peaked at $5.7B,” Darkfost wrote. “In other words, OI nearly tripled in 2025. Since that peak, open interest has dropped by more than 31%, stabilizing today around $10B.” Darkfost framed the move as a deleveraging phase that intensified amid “massive liquidations,” with OI slipping below its 180-day moving average, a condition the analyst says has historically mattered more than the raw level of leverage. “These deleveraging periods are crucial, as they help purge the excess leverage built up in the market,” Darkfost wrote. “Historically, they have often marked significant bottoms, effectively resetting the market and creating a stronger base for a potential bullish recovery.” Related Reading: Bitcoin Could Be Entering A Supercycle, Fidelity Warns The logic is straightforward: when leverage is forced out, the market can become less vulnerable to cascade-style liquidations and reflexive selling. In that sense, a lower OI environment can reduce the marginal impact of futures positioning on spot, at least compared with the late-stage “crowded trade” conditions that precede sharp drawdowns. But Darkfost warned that a deleveraging signal is not the same thing as a confirmed bottom. “This could be the case again, but caution is warranted,” the analyst wrote, adding that if Bitcoin “continues to slide and fully enters a bear market,” OI could “contract further,” pointing to “deeper deleveraging and a potential extension of the correction.” Bitcoin Sellers Are Losing Momentum Alongside the open interest reset, Darkfost pointed to a sharp drop in futures-driven selling pressure, using Net Taker Volume — a measure intended to capture who is dominating futures order books. Related Reading: Bitcoin HODLer Selloff Ending? LTH Outflows Decline “Selling pressure on BTC coming from the futures market is sharply declining,” Darkfost wrote, noting that after the monthly average hit “–$489M” at its peak, the figure has now been “divided by ten.” “At the moment, sellers still slightly dominate the order books, with –$51M,” the analyst added. The key nuance is that the indicator has not flipped, but it is moving in that direction. “We have not yet returned to positive territory, but we are getting closer,” Darkfost wrote. “It is very encouraging to see traders starting to change their approach, especially given the significant impact futures volumes have on price action. Notably, since this decline in selling pressure began, BTC price action has also stabilized.” For the “bottom thesis” to graduate into a more forceful reversal call, Darkfost anchored the trigger to that sign change: “If Net Taker Volume were to turn positive again, it would clearly ignite the fuse for a bullish reversal.” At press time, BTC traded at $95,131. Featured image created with DALL.E, chart from TradingView.com

يشهد سوق المشتقات الخاص ببيتكوين إعادة ضبط كبيرة، حيث انخفض الاهتمام المفتوح في بينانس بأكثر من 31% من ذروته في أكتوبر، مع تراجع ضغط البيع الناتج عن العقود الآجلة. يأتي هذا الانخفاض بعد ارتفاع مضاربي في عام 2025، حيث وصل الاهتمام المفتوح إلى مستوى قياسي تجاوز 15 مليار دولار. يشير المساهم في كريبتوكوانت، داركفاست، إلى أن هذه المرحلة من تقليص الرفع المالي غالبًا ما تتزامن مع انخفاضات دورية مهمة، مما يدل على احتمال وجود قاع في السوق.

El mercado de derivados de Bitcoin está experimentando un reajuste significativo, con una caída de más del 31% en el interés abierto de Binance desde su pico de octubre, a medida que disminuye la presión de venta impulsada por futuros. Esta caída sigue a un auge especulativo en 2025, donde el interés abierto alcanzó un récord de más de 15 mil millones de dólares. El colaborador de CryptoQuant, Darkfost, sugiere que esta fase de desendeudamiento a menudo coincide con mínimos significativos en el ciclo, indicando un posible fondo de mercado.

Le marché des dérivés de Bitcoin connaît un réajustement significatif, avec une baisse de plus de 31 % de l'intérêt ouvert de Binance par rapport à son pic d'octobre, alors que la pression de vente liée aux contrats à terme diminue. Cette baisse fait suite à une montée spéculative en 2025, où l'intérêt ouvert a atteint un niveau record de plus de 15 milliards de dollars. Le contributeur de CryptoQuant, Darkfost, suggère qu'une telle phase de désendettement coïncide souvent avec des creux significatifs du cycle, indiquant un potentiel bas de marché.

Bitcoin's derivatives market is undergoing a significant reset, with Binance's open interest dropping over 31% from its October peak as futures-led selling pressure diminishes. This decline follows a speculative surge in 2025, where open interest reached an all-time high of over $15 billion. CryptoQuant contributor Darkfost suggests that such a deleveraging phase often coincides with meaningful cycle lows, indicating a potential market bottom.

Crypto Exchanges Binance, OKX Used By Criminals To Disguise Illicit Funds, ICIJ Investigation Finds

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