Odaily Planet Daily News Binance published a blog stating that Binance recently played a key role in assisting Thai law enforcement authorities in two operations, contributing to the dismantling of criminal networks involved in major cryptocurrency fraud. These enforcement operations resulted in the arrests and seizures of major criminal elements and the seizure of large-scale assets.
Thailand’s Cyber Crime Investigation Bureau (CCIB), in partnership with Binance and the U.S. Department of Homeland Security (HSI), dismantled a criminal gang involved in a major “killing plate” scam that affected thousands of people in Thailand. With intelligence support from Binance and HSI, CCIB arrested five key members of the gang and confiscated assets worth approximately 10 billion baht (approximately $277 million), including luxury cars, homes, land, and other high-end items. More than 3,200 victims have since sought compensation.
Over the past three years, Binance has completed and assisted with more than 103,000 law enforcement requests, with an average response time of three days.