Binance and Tokocrypto work with Indonesian law enforcement to disrupt crypto scam and seize $200,000 in illegal funds

According to the official announcement, the Indonesian Criminal Investigation Bureau (Bareskrim), in cooperation with Binance and Tokocrypto, successfully thwarted a major scam, identified multiple suspects, and seized $200,000 in illegal funds. During an investigation into an alleged trading scam, Bareskrim discovered a pig-killing scam network, discovered key wallet addresses, and arrested individuals involved in managing the stolen funds. This operation highlights the importance of public-private partnerships in combating financial crime, and Binance's Financial Intelligence Unit played a key role in providing in-depth analysis and support. The case is still under investigation, and authorities are following up on other clues discovered during the investigation.