Binance has been caught lying again. Why the exchange is rapidly losing its reputation
One of the largest cryptocurrency exchanges wants to hide its digital asset laundering offenses by any means necessary.
15.12.2025
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3 min
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Last month, we published an investigation by the International Consortium of Investigative Journalists (ICIJ) that revealed Binance continues to facilitate the laundering of cryptocurrency by criminals. GetBlock AML Research reveals how the exchange is attempting to avoid a scandal and conceal the true state of affairs.
Binance is once again embroiled in a cryptocurrency laundering scandal: what’s wrong with the exchange
A new journalistic investigation shows that the trading platform does not comply with AML standards and is involved in laundering dirty cryptocurrency
Coincidence?
On the day the ICIJ investigation was published, Binance released a report announcing a record decrease in the volume of dirty cryptocurrency in its accounts. In the report, the exchange stated that the research was conducted by the analytical companies Chainalysis and TRM Labs.
However, just two days later, the exchange edited the original report and stated that it had conducted the research itself based on data from Chainalysis and TRM Labs. This happened after one of the analytical companies (Chainalysis) caught Binance manipulating the facts and refuted the exchange’s claims about conducting the research.
Binance’s announcement of the changes made to the report.
Chainalysis published a brief statement on its blog refuting that it had conducted research for Binance.
Screenshot of Chainalysis’ publication.
Not everything is so optimistic
Moreover, Chainalysis stated that Binance’s data on the reduction of dirty cryptocurrency in its own accounts is not objective, as it does not include all categories of illegal digital assets. For example, Binance did not use data on funds stolen through ransomware and hacker attacks.
Binance also skillfully manipulated the data to create an ideal picture of the fight against cryptocurrency laundering. The exchange’s data did not take into account situations where criminals transfer stolen funds to a personal wallet and then send coins from it to the exchange.
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