How Binance Joined Thai Law Enforcement To Take Down Crypto Scam Scheme

How Binance Joined Thai Law Enforcement To Take Down Crypto Scam Scheme

Crypto exchange Binance was the prime assistant in an official investigation by Thailand’s law enforcement agency. The crypto trading venue often boasts about its cooperation with international regulators and law enforcement bodies and this time, it claimed to have taken a critical role in shutting down a crypto scam network.
Binance Joins Forces With Royal Thai Police, Here Are The Details
According to an official post, Binance worked with the Royal Thai Police in an investigation that led to the arrest of several suspects behind fraudulent activities. The Thai agency approached the crypto trading venue to aid the investigation and seize the assets linked to the scheme.
The investigation was assisted by Binance, the Cyber Crime Investigation Bureau (CCIB), and the US Homeland Security Investigation (HIS). The law enforcement agencies and the crypto exchange stopped the “Pig butchering scam” allegedly impacting “thousands of people in Thailand.”
Due to the crypto exchange’s

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