When cryptocurrency is misused, we act. Our team worked with Philippine authorities to trace a $3.75 million cryptocurrency ransom, identify suspects, and track their flows through our intelligence tools.

The Cybercrime Group of the Philippine National Police faced challenges in tracking multi-layered transactions due to the involvement of private entities managing travel and betting arrangements for high-risk gamblers. These operators acted as intermediaries, helping to obscure the financial trail before the funds reached cryptocurrency wallets. A law enforcement official emphasized the importance of Binance's support, stating: "Ransom funds were distributed to multiple addresses before eventually reaching cryptocurrency wallets. Binance's prompt assistance played a crucial role in helping us move forward with the investigation."