According to a post on the Binance blog, the Indonesian Criminal Investigation Bureau (Bareskrim) worked with Binance and Tokocrypto to capture a major fraud operation, identified multiple suspects and seized $200,000 in ill-gotten gains. Bareskrim has arrested suspects involved in managing the stolen funds.
Bareskrim launched an investigation into an alleged trading fraud case involving a cryptocurrency trading website. After investigation, it was confirmed that the website was part of a pig-killing scam. During the investigation, several individuals involved in managing accounts that received stolen funds were arrested. Authorities found about 50 mobile phones and multiple local bank cards, as well as banking applications on the suspects' phones and tablets.