According to Binance, independent data from Chainalysis and TRM indicate that illicit exposure on top centralized exchanges is a few hundredths of 1% (source: Binance announcement citing Chainalysis and TRM). According to Binance, Binance’s illicit exposure is lower than peers and has declined by 96–98% since 2023, based on those third-party datasets (source: Binance announcement citing Chainalysis and TRM). According to Binance, the company has published a detailed security blog outlining how these reductions were achieved at the largest scale for the exchange (source: Binance blog linked in the announcement). According to Binance, these third-party metrics provide concrete figures that traders can reference when assessing exchange compliance risk and venue selection for order routing and liquidity (source: Binance announcement citing Chainalysis and TRM).

According to @_RichardTeng, some mainstream coverage cherry-picks data to portray crypto and Binance negatively, while Chainalysis and TRM Labs data show illicit exposure on top centralized exchanges is only a few hundredths of 1%, with Binance even lower, citing Chainalysis and TRM Labs. According to @_RichardTeng, centralized exchanges actively fight crime and aid law enforcement, reinforcing that platform-level illicit exposure is minimal relative to overall volumes, citing Chainalysis and TRM Labs. According to @_RichardTeng, these data points are directly relevant for trading assessments of exchange-related risk, particularly for BNB and broader CEX-linked liquidity, citing Chainalysis and TRM Labs.