TRM Labs, a blockchain analysis firm, recently released a data report. The report shows that starting from 2023, relevant institutions have conducted large-scale fund transfer operations through two UK-registered crypto exchanges, Zedcex and Zedxion. According to data statistics, the total amount involved is close to $1 billion. This case once again reminds us of the importance of KYC/AML compliance checks by exchanges — even platforms registered in developed countries need to remain vigilant against abnormal fund flows. For users, choosing exchanges with robust risk control systems and transparent regulation is especially crucial.