$SOL Financial organizations have emerged as key players in the fight against online child exploitation, with their ability to track and disrupt payment flows playing a crucial role in prevention efforts. At the 2024 INHOPE Summit, experts highlighted how blockchain analysis significantly improves detection and reporting mechanisms.

Our partnership with INHOPE enhances these efforts by leveraging Binance’s intelligence capabilities to support real-time detection and reporting of illicit transactions linked to CSAM, collaborate with law enforcement agencies worldwide to track and dismantle criminal networks, and provide technical expertise and resources to prevent misuse of decentralized payment methods.

According to Samantha Woolfe, Head of Network Expansion and Global Partnerships at INHOPE, decentralized financial systems are increasingly being exploited by bad actors. She emphasized that working with Binance “strengthens global efforts to detect, report, and remove illegal content, ensuring a safer internet for all.”