🔍 Binance Supports Philippine Police in \$3.75M Ransomware Probe

Binance’s Financial Intelligence Unit recently played a pivotal role in helping the Philippine National Police trace **\$3.75 million** in crypto-related ransom money. The funds, routed through casino junkets and complex on-chain transactions, were laundered using multiple addresses before reaching suspects’ digital wallets .

Thanks to Binance’s on-chain analytics and rapid data-sharing, authorities successfully identified key wallet addresses and criminal connections. A law enforcement official noted that Binance’s cooperation was “crucial” in advancing the investigation .

This case highlights the evolving tactics of criminals mixing fiat and crypto channels — and underscores the growing importance of **public-private partnerships** in combating digital crime. Binance’s proactive approach in this investigation reaffirms its commitment to transparency and compliance in the global fight against financial wrongdoing

This development sends a clear message: as crypto adoption grows, so does the need for cooperation between exchanges and law enforcement to keep bad actors in check. 🇵🇭🔐