Thanks to the financial intelligence unit of #Binance , several scammers have been detected.

#binanceEstafa #BinanceVietnamSquare

Main conclusions

With the support of Binance, the Technology Crime Suppression Division of Thailand (TCSD) successfully dismantled an investment scam in cryptocurrency known as the FOX Wallet syndicate.

More than 200 cases were reported, resulting in losses for the victims of over 200 million Thai baht, equivalent to more than 6 million US dollars. Authorities arrested 8 individuals and confiscated assets, including cash, luxury cars, and a house.

The Financial Intelligence Unit (FIU) of Binance provided crucial support in tracing the flow of funds and linking wallet activity to the main suspects.