Binance Assists Philippine Law Enforcement in a Probe Involving $3.75M Ransom

2025-06-13

Main Takeaways

Binance Financial Intelligence Unit (FIU) supported law enforcement in a kidnapping case involving crypto-based ransom laundering.

The ransom, approximately USD 3.75 million, was eventually funneled through casino junket operators and digital-asset channels.

Binance’s intelligence support enabled crypto investigators to identify several accounts connected to the suspects.

Binance’s Financial Intelligence Unit (FIU) recently played an important role in assisting law enforcement of the Philippines with a complex kidnapping-for-ransom investigation. The criminal scheme involved ransom payments moving through multiple financial layers and eventually into cryptocurrency through private casino junket operators – yet, the use of Binance-supplied intelligence helped trace the funds to several suspects.