Arshad_1234

#BinanceSafetyInsights In yet another case of successful public-private collaboration in the fight against crime, the Royal Malaysia Police (RMP) have recovered some 7 million Malaysian ringgit (approximately 1.6M USD) of the 20 million ringgit (4.5M USD) ransom paid by the family of a local kidnapping victim.

With ransom paid part in cash, part in crypto, Binance’s investigators helped law enforcement trace the movement of digital assets, which allowed them to identify key suspects involved in this cross-border criminal operation. The investigation is ongoing, and authorities continue to unravel the criminal network responsible for the kidnapping.

Tracing the Ransom
In the early hours of the morning of October 13, a 59-year-old businessman was abducted in the city of Johor while waiting for a taxi to take him to the airport. Later on the same day, the kidnappers released the victim upon receiving a ransom payment from his family.

Crime fighters sprang into action immediately. An effort involving the RMP, other regional law enforcement agencies, and investigators from Binance’s Financial Intelligence Unit (FIU) uncovered critical leads and identified suspects in the case.

Utilizing advanced blockchain transaction analysis, the investigative teams traced the digital assets, identifying connections and revealing the criminal syndicate’s network.

ASP Nurul Aqila, Senior Officer at the Commercial Crime Investigation Department (CCID) with expertise in cryptocurrency investigations, pointed out, “Binance’s assistance was instrumental in helping us trace cryptocurrency flows and identify key suspects across borders. Their expertise in blockchain analysis allowed us to pinpoint the exact transactions and follow the money trail, which was crucial in apprehending the suspects and recovering a significant portion of the ransom.”

Aqila added that the case demonstrated the power of cross-border cooperation in addressing emerging digital crime

$SOL Financial organizations have emerged as key players in the fight against online child exploitation, with their ability to track and disrupt payment flows playing a crucial role in prevention efforts. At the 2024 INHOPE Summit, experts highlighted how blockchain analysis significantly improves detection and reporting mechanisms.

Our partnership with INHOPE enhances these efforts by leveraging Binance’s intelligence capabilities to support real-time detection and reporting of illicit transactions linked to CSAM, collaborate with law enforcement agencies worldwide to track and dismantle criminal networks, and provide technical expertise and resources to prevent misuse of decentralized payment methods.

According to Samantha Woolfe, Head of Network Expansion and Global Partnerships at INHOPE, decentralized financial systems are increasingly being exploited by bad actors. She emphasized that working with Binance “strengthens global efforts to detect, report, and remove illegal content, ensuring a safer internet for all.”

$BTC Looking ahead, Andersen-Röed flagged several emerging threats that demand close attention from the crypto industry. As adoption expands, so too does the sophistication of criminal tactics.

Bad actors are growing more agile in obscuring the origin of funds. They increasingly rely on mixers, cross-chain bridges, and decentralized protocols to ‘wash’ transactions, while automation via smart contracts allows them to execute laundering strategies at scale. Some are even shifting to EVM-compatible blockchains with limited attribution tools, further complicating efforts to trace illicit activity.

Cross-chain laundering, in particular, poses a significant challenge. By moving assets across multiple blockchains, often in quick succession, criminals can sidestep detection systems that weren’t designed for such fluid environments. Andersen-Röed emphasized that this evolving complexity calls for smarter compliance tools and stronger collaboration between industry players, regulators, and enforcement agencies.

One particularly alarming development is the rise of AI-powered scams. Andersen-Röed noted that generative AI has dramatically lowered the barrier to entry for cybercrime. From deepfake videos of company executives to highly targeted, automated phishing bots, these tools enable criminals to launch convincing and large-scale attacks with minimal effort.

To address these emerging threats, Andersen-Röed stressed that fighting financial crime in the digital age requires a united front across the crypto industry, traditional finance, and governments. Only through this collective approach will the industry be able to effectively combat the evolving risks and ensure a safer crypto ecosystem for all

#StopLossStrategies Despite the high-profile headlines often surrounding crypto crime, illicit transactions make up only a small fraction of the overall crypto activity.

Andersen-Röed emphasized this point, drawing on data from blockchain analytics firm Chainalysis. According to the data, illicit transactions have consistently accounted for less than 1% of total crypto volumes. In comparison, the United Nations estimates that between 2% and 5% of global GDP – around $2 trillion annually – is laundered through the traditional financial system.

The FIU head further highlighted how the very nature of blockchain technology makes it easier to trace illicit activity than traditional fiat transactions. The transparency and traceability of blockchain allow for more effective tracking of bad actors, which is a major advantage over more opaque traditional systems.

Additionally, he noted that despite the significant rise in crypto users over the past few years, the volume of illicit activity has not spiked proportionally. This, according to Andersen-Röed, suggests that compliance efforts and regulatory advancements are proving effective, helping to curb illegal activity as the crypto ecosystem continues to grow.

#DiversifyYourAssets To combat the growing sophistication of crypto-related crimes, exchanges like Binance have significantly enhanced their compliance infrastructure. Andersen-Röed presented Binance’s compliance controls as a representative model of what major regulated exchanges are doing today.

At the foundation of this framework is Know Your Customer (KYC) – a set of protocols ensuring that only verified individuals are allowed to transact. This robust identity verification process plays a crucial role in reducing anonymity-based risks, helping to confirm that users are who they claim to be.

Building on that, Binance has implemented advanced screening against global sanctions lists. Our tools cross-reference user information with hundreds of databases around the world, including those tracking sanctioned individuals and politically exposed persons (PEPs). This screening not only helps flag high-risk users before they can engage in illicit activity but also allows Binance to proactively block users from sanctioned regions, ensuring compliance with international regulations and reducing exposure to geopolitical risk.

Complementing these checks is Binance’s real-time transaction monitoring system, which uses machine learning to analyze activity on the platform as it happens. Suspicious behaviors, such as abnormal transfer patterns or links to illicit wallets, are flagged immediately, allowing for swift intervention and investigation.

Finally, Andersen-Röed underscored the importance of collaboration with law enforcement. Binance routinely files suspicious activity reports (SARs) and works with authorities around the world to ensure illegal behavior is not only detected, but properly reported and addressed.

Implemented together, these tools form a multi-layered compliance approach that enables Binance and other exchanges to detect, respond to, and prevent illicit activity at scale, safeguarding the crypto space as it continues to mature.

#BitcoinWithTariffs The misuse of cryptocurrency has evolved far beyond early darknet transactions and small-scale scams. As Andersen-Röed explained, criminal operations today are far more organized, global, and technologically advanced – leveraging crypto not just for fraud, but across a wide spectrum of illicit activity.

For example, criminals frequently route stolen funds through mixing services and other privacy-enhancing tools to obscure transaction trails. From there, they may attempt to cash out via high-risk exchanges, over-the-counter (OTC) brokers, or even accounts they’ve managed to open on legitimate, compliant platforms.

The head of Binance’s FIU unit pointed to the rise of large-scale scam call center operations in Southeast Asia, where crypto is routinely used to move defrauded funds. These scam networks often operate across borders and have, in some cases, been linked to human trafficking rings – with individuals forced into labor under false pretenses, then exploited to carry out fraud.

Ransomware attacks, meanwhile, are becoming more aggressive and better funded. Cybercriminals are targeting larger entities and demanding higher sums, with many recent cases involving ransom payments exceeding $1 million.

These developments underscore how crypto, while transformative, is being co-opted by increasingly strategic and well-funded adversaries

#BitcoinWithTariffs https://academy.binance.com/en/learn-and-earn?ref=LIMIT_ERNEVENT&utm_source=poster_qrcode

#TradingPsycology
Driving Adoption Through Knowledge
The workshops are designed to introduce students to the fundamentals of blockchain, its use cases, and the broader Web3 ecosystem. Each session will feature industry experts, with topics ranging from technical foundations to practical applications across different sectors. The full agenda and events schedule can be found here (in Portuguese).

The initiative comes in response to growing interest in crypto and blockchain technologies in Brazil – but also a persistent lack of education around the subject. In a recent Binance survey of over 5,000 users in Brazil, 22% cited lack of knowledge as one of the key barriers to adoption.

“We have education as one of the pillars of our work because we believe that knowledge is essential for people to take advantage of all the benefits of this still recent technology,” said Guilherme Nazar, Binance's Regional Vice President for Latin America. “We are committed to the sustainable growth of the industry in Brazil, and we see Brazilians show a strong interest in blockchain and cryptocurrencies. Blockchain on the Road meets a demand for knowledge that will strengthen the learning of these young professionals, as well as the adoption of this technology by society.”

Going Beyond the Classroom
The program is part of a broader educational movement led by Blockchain Rio, which also organizes the annual Blockchain in Rio conference. Scheduled for August 5-7, this year’s event will gather leading voices in the industry and offer university students special access to panels, discussions, and networking opportunities.

“Our goal is to broaden awareness on blockchain and other emerging technologies in different regions of Brazil, providing direct access to experts and industry leaders,” said Francisco Carvalho, CEO of Blockchain Rio.

#staySAFU
How To Protect Yourself
When it comes to scams, prevention isn’t just smart – it’s essential. Up next, we’ll walk you through a few simple ways to keep your wallet clean, your crypto untouched, and the scammers away.

Choose a Security-Forward Wallet
A security-forward wallet – like Binance Wallet – does more than just hold your crypto. Our dedicated security team works quietly in the background, detecting spam token transfers and suspicious approvals. These tokens get filtered out and hidden before they even reach your screen, which means less clutter, fewer risks, and almost no accidental clicks.

Our security team also flags high-risk tokens and addresses with a red warning symbol next to the transaction, helping you steer clear before it’s too late. Think of it as your crypto’s spam filter, silently clearing out the junk before it gets in your way.

Always Double-Check
If something feels off, it probably is. Always take a moment to double-check token details – especially the contract address – before taking any action. A quick manual check can save you from a costly mistake.

Stay Informed
Scams are always evolving. Hence, keeping up with the latest fraud tactics is one of the best ways to protect yourself. Binance Academy offers bite-sized lessons on crypto fundamentals, while our blogs offer timely and in-depth updates on relevant security topics like smishing, phishing, wallet safety, and many more. For an even closer look at how scams work, check out our security series — it’s packed with insights that help you spot red flags before they become problems.

#SecureYourAssets What To Do if You Find Spam Tokens in Your Wallet
Step 1: Stay Calm
First things first: your wallet is not compromised. Receiving spam tokens does not mean your funds are at risk.

Step 2: Don’t Interact
Avoid clicking, swapping, or approving anything related to the spam tokens. Even a small interaction could trigger malicious code or potential loss of funds. Ignore offers of “free money” – as ever, if it seems too good to be true, it probably is. If you're unsure, use portfolio trackers like DeBank to help filter out spam tokens automatically.

Step 3: Double-Check Permissions
Revoke any suspicious and unnecessary approvals by visiting the in-wallet approval page. This ensures that smart contracts that you no longer need are denied access to your wallet. Be cautious of contracts that require unusually high fees to revoke — they’re likely fake approval scams.

Step 4: Report
If you find any spam tokens or suspicious transactions in your history, report them to customer support on official platforms.

#BinanceSafetyInsights

Spammers aren’t just filling up your wallet for fun. They’ve got a plan, and it’s all about getting to your crypto. Here’s how they usually operate:

Distract: By cluttering your wallet with random tokens, scammers hope to confuse you, especially during trades. Imagine trying to swap stablecoins for ETH, only to accidentally select a fake ETH token instead. One small slip, and your real funds are gone.

Entice: Some scammers go a step further by adding liquidity to these spam tokens, artificially inflating their value to make them look like the next big thing. The goal? To lure you into buying more. But here’s the trap: once you buy in, you often can’t sell it.

Trick: Some spam tokens come with messages like “Claim your prize!” or embed phishing links right in their token names. These shady URLs lead to fake websites designed to steal your private info — from wallet credentials to seed phrases.

$ETH Spam tokens are the crypto version of fake coupons stuffed into your mailbox – unwanted, flashy, and often designed to trick. Scammers airdrop these tokens to thousands of wallets, hoping someone will take the bait. So, how do you identify them?

First, check the source. If a token suddenly appears in your wallet and you didn’t buy it, trade for it, or earn it – it’s probably spam. These tokens often come from nowhere and have no link to your past activity.

Next, look at the name. Tokens with names like “USDT2,” “FreeETH,” or “BonusAirdrop” are waving red flags. Some are more subtle, impersonating popular tokens like BNB or USDT — but don’t be fooled. A quick giveaway? Their token icons are often missing or look off. That’s because they usually lack proper metadata, unlike the real deal.

Then there’s the value. Spam tokens often pretend to be worth a fortune – until you try to cash them out. Spoiler alert: you can’t.

You can also peek at the token’s on-chain data. If it has tons of transfers but very few holders, it’s a strong sign something’s off. Legitimate tokens usually have a lot of holders.

Finally, if you’re tech-savvy, check the token’s smart contract. Many spam tokens have unverified or hidden code – because they don’t want you to see what’s really going on under the hood.

In short: if it appears out of nowhere and looks strange – it’s likely spam. And in the world of crypto, spam is not innocent.

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#ETH The Tor onion router is a web browser primarily used for anonymous internet surfing and protection against traffic analysis. Incidentally, the U.S. Navy originally designed Tor as a means to protect sensitive U.S. government information.

#VIRTUALWhale Sky Protocol (formerly Maker’s) Maker
mkr

Maker MKR token has defied market trends in the past week. The token gained over 44% in value, according to price data on Crypto.news. Derivatives data and on-chain analysis supports a bullish thesis for the DeFi token for next week.

Derivatives data from crypto intelligence platform Coinglass shows a large positive spike in Open Interest in MKR on February 21. The spike represents a massive increase in the total value of open contracts in MKR across derivatives exchanges.

Coinglass data shows that MKR OI is $116.85 million at the time of writing on Friday, February 21.

Maker MKR
MKR Futures Open Interest | Source: Coinglass
The total value of assets locked in MKR surged to $5.675 billion, as seen on DeFiLlama. This coincides with the rising price, relevance, and demand for tokens among traders. The rebranding to Sky protocol has proven effective for driving adoption in market participants.

Maker MKR
Maker TVL | Source: DeFiLlama
Santiment data shows several negative spikes in Network realized profit/loss metric in the MKR chart since mid-January 2025. This shows several traders and MKR holders are shedding their holdings and realizing losses.

Consistent realization of losses is typically considered a sign of capitulation and is consistent with an eventual recovery in the token’s price. MKR’s daily active addresses recorded a nearly three-month peak this week, signalling the rise in

#OnChainInsights The feature provides insights into a trader’s portfolio, performance, and trading badges, aiming to enhance transparency and responsible engagement in the Binance community, according to a release shared with crypto.news.

The Trader Profile includes a Portfolio Overview, displaying asset allocation percentages; P&L Data, showing performance trends over different timeframes; and Trader Badges, which highlight trading styles and expertise.

These profiles are only visible to a user’s followers, enabling traders to manage privacy while building credibility.

Binance Co-Founder Yi He emphasized the importance of transparency, revealing that she participated in the product launch test and disclosed her portfolio, which is 89% allocated to BNB

#LitecoinETF Pepe Pepe
pepe
-4.83%
Pepe, the second-biggest Ethereum Ethereum
eth
-2.48%
Ethereum meme coin after Shiba Inu Shiba Inu
shib
-1.87%
Shiba Inu, has plunged to the key support at $0.000010.

While its decline aligns with the broader crypto sell-off, it is also influenced by Ethereum’s ongoing underperformance.

Ethereum, the largest layer-1 blockchain, has lagged behind other major blockchains like Bitcoin and Solana. It has fallen by 5% over the past 12 months, while Bitcoin and Solana have surged by over 70%.

Ethereum has also lost market share in several sectors, including decentralized finance, meme coins, and non-fungible tokens. This trend has impacted many Ethereum-based tokens, which have underperformed as investors shift their focus to assets within the Solana ecosystem.

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Alt season is here, CryptoQuant CEO says
Ethereum is likely to surge to $4,000, as the coin has formed an ascending triangle pattern on the two-week chart. This pattern is characterized by a horizontal resistance level and a diagonal trendline composed of higher highs and higher lows.

A strong bullish breakout will be confirmed if Ethereum surpasses the $4,000 resistance level. A sustained breakout above this price could increase the likelihood of Ether reaching $5,000 in the long term.