Binance Freezes $3.5M in Crypto as Kidnap Ransom Trail Collapses on Blockchain

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.#Tradersleague #IsraelIranConflict $BTC