PANews reported on November 17th that, according to an investigation by The New York Times and the ICIJ, approximately $28 billion in illicit funds will flow into major cryptocurrency exchanges such as Binance, OKX, and Bybit by 2025. These funds originate from North Korean hackers, Southeast Asian fraud groups, and global Pig Butchering scams. Binance, after pleading guilty and paying a $4.3 billion fine, continues to accept over $400 million in transfers from high-risk entities such as Huione. The report also noted that Trump's signing of a $2 billion cooperation agreement with Binance and his pardoning of its founder, Changpeng Zhao, have raised concerns about lax enforcement.