Binance has assisted criminal law enforcement operations in Thailand, resulting in the arrest of key players and the seizure of large-scale assets in a cryptocurrency scam.
Binance and Thai police rescue huge fraud proceeds
According to Binance’s announcement, the Thai police, Binance and the U.S. Homeland Investigation Service (HSI) cooperated to detect the “Pig Killing Plate” scam involving thousands of Thai victims. Thai police arrested five key members and confiscated $27.7 million in high-value assets, with more than 3,200 victims.
(Taiwan has zero action against JPEX? JPEX has invested tens of millions of dollars in Taiwan, and its spokespersons and sponsoring media have made a lot of money)
Binance also provided key evidence in another large-scale fraud case in Thailand, assisting the Thai police in arresting criminals in more than 30 locations including Bangkok, and seizing 16 luxury homes, 12 top-of-the-line vehicles, and 16 million baht ($440,000). cash
Beware of Mixed Investment Scams (Pig Killing Plate)!
Mixed investment scams, often called "pig-killing scams," target novice investors. Criminals use a range of tactics to build trust and lure victims into depositing assets into fraudulent investment platforms. Once the victim is fooled, the scammer will display false profits on the platform interface to encourage further investment. They may also trick victims into paying additional amounts, claiming "taxes" are required to withdraw the funds, and then abscond with the money.
Binance helps law enforcement agencies from many countries fight new crimes
In recent years, Binance has invested heavily in building compliant talent, processes, and technology, with industry-leading global compliance and investigations teams including regulatory professionals, blockchain investigators, and cybercrime investigators.
According to Binance, over the past three years, Binance has completed and assisted with more than 103,000 law enforcement requests, with an average response time of just three days, which is faster than most traditional financial institutions.
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