Home
Notification
Profile
Trending Articles
News
Bookmarked and Liked
History
Creator Center
Settings
Yoke77
--
Bullish
Follow
#BinanceAlphaAlert
$BTC
F
Free Give
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
See T&Cs.
BTC
106,758.51
-0.25%
1
0
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Sign Up
Login
Relevant Creator
Yoke77
@Square-Creator-871550b805946
Follow
Explore More From Creator
#ShareYourTrades $LTC Go
--
#Eth $ETH Whta
--
$ADA Binance froze assets, traced blockchain trails, and helped crack a cross-border ransom-for-crypto network as it dismantled a $3.75M laundering ring hiding in casinos. Binance Neutralizes Crypto Laundering Hub Hidden in Junket-Casino Labyrinth Crypto exchange Binance revealed on June 13 that its Financial Intelligence Unit (FIU) supported Philippine law enforcement in dismantling a sophisticated kidnapping-for-ransom operation involving $3.75 million laundered through cryptocurrency. The criminals moved ransom payments through casino junket operators before dispersing the funds across digital-asset channels. Binance’s cooperation enabled investigators to identify suspects and track illicit fund flows on the blockchain. Binance CEO Richard Teng commented on social media platform X on June 13: When crypto is misused, we step up. Our team worked with Philippine authorities to trace a $3.75M crypto ransom, identifying suspects and flows via our intelligence tools. The Philippine National Police’s Anti-Cybercrime Group encountered challenges in tracing the layered transactions due to the involvement of private junket operators—entities that manage travel and betting arrangements for high-stakes gamblers. These operators served as intermediaries, helping obfuscate the financial trail before the funds reached crypto wallets. A law enforcement official underscored the importance of Binance’s support: “The ransom funds were fragmented across several addresses before ultimately reaching crypto wallets. Binance’s prompt assistance was crucial in helping us advance the investigation.” In addition to providing analytics, Binance disrupted the laundering operation by immobilizing associated assets. The crypto exchange stated: Our team also froze over USD $3.5 million in related crypto assets, disrupting the network’s financial infrastructure. Lin was later arrested and pleaded guilty in a U.S. federal court to narcotics conspiracy, money laundering, and distributing misbranded drugs. Binance noted that similar efforts had assisted in dismantling c
--
$NXPC #Treanding Gi
--
XPR🤑
--
Latest News
Federal Reserve Expected to Maintain Key Interest Rates Amid Economic Uncertainty
--
BNB Chain Sees Significant Increase in Daily Transactions and Active Addresses
--
Market Shows Moderate Buying Strength Amid MVRV Z-Score Analysis
--
Whale Sells ONDO Tokens for Profit
--
Binance Alpha to List SPK, Users with At Least 240 Alpha Points Eligible for SPK Airdrop
--
View More
Trending Articles
🚨🚨 XRP Lawsuit Twist — Appeals Frozen, Massive Decision Incoming by August 15🚨🚨
Crypto Nate
🔥 BITCOIN KA BADA DHOKA? VSA Sell Signal Se Pehle Market Bloodbath Ka Imkan! 🔥
Noob to pro trader
XRP Alert: Institutions Quietly Accumulating as Supply Tightens Are Retail Buyers Being Priced Out
natalia567
Where Did the Missing 1,000 Rupees Go? I borrowed *50,000 r
Ihsan Khan300
💸 I Lost $50,000 Before I Learned These 6 Bearish Pullback
Panda Traders
View More
Sitemap
Cookie Preferences
Platform T&Cs
