According to the Binance blog, Binance announced that it will cooperate with global law enforcement agencies to launch a joint anti-fraud campaign (Joint Anti-Scam Campaign) to help users identify fraudsters and avoid being defrauded, as well as seek help in the event of potential attacks.

Binance said that anti-fraud activities have been carried out in Hong Kong and have achieved results. The Binance team has worked with the local police to set up targeted alerts and crime prevention information. After four weeks, about 20.4% of users will reconsider their withdrawal behavior or review whether the transaction has fraud risks.

In addition, we hope to cooperate with law enforcement agencies in other regions and continue to promote this anti-fraud activity. Binance believes that this activity can complement existing crime prevention initiatives around the world, including general business law enforcement assistance and global law enforcement training programs.