Police Lieutenant Colonel Thanatus Kangruambutr expressed appreciation for the exchange's contributions to the investigation.
In an announcement sent to Cointelegraph, Binance said that they worked alongside law enforcement agencies, providing intelligence to disrupt the criminal group. The operation, which had the codeled to the arrest of five alleged key syndicate members and the seizure of various assets worth $277 million. Over 3,200 victims have already contacted the authorities to file for compensation.
The Cyber Crime Investigation Bureau of the Royal Thai Police has collaborated with crypto exchange Binance and the United States Homeland Security Investigation to take down a crime ring responsible for conducting aPolice Lieutenant Colonel Thanatus Kangruambutr, an inspector at the CCIB, expressed appreciation for the crypto exchange’s contributions to the investigation. According to the inspector, the rise of crypto scams led to financial damage for residents in Thailand.
“Through prompt information exchange with key partners, including the Binance investigations team, this successful operation resulted in arrests of the criminals. Binance remains an essential ally in our combat against scams and cybercrimes.” Binance’s head of financial crime compliance Tigran Gambaryan said they will continue their partnership with various authorities across the globe as they do their part in “restoring the trust in the digital-asset ecosystem."Crypto exchange Binance has been constantly collaborating with various parts of the industry to combat crypto-related crime. In 2022, the crypto exchange
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