#How Binance helps law enforcement against attackers and recover more than $33 million in digital assets

The on-chain investigation team at Binance, the largest cryptocurrency exchange, played a major law enforcement role in arresting the suspect in the scam known as ZKasino.

By assisting the Binance investigation team, the Dutch authorities conducted forensic analysis on the chain, which contributed to determining the method of money flow and analyzing the method by which the malicious smart contracts “ZKasino” were prepared.

Although the main suspect was arrested, some of the stolen money continued to be transferred, indicating the presence of multiple possible attackers.

The researchers used a combination of on-chain tracking methods and open source intelligence (OSINT) to find the attacker,

After identifying the suspect behind the smart contracts, Binance alerted law enforcement authorities to the identity of the account holder who committed the fraud.

This led to the Financial Information and Investigations Department (FIOD) arresting the 26-year-old suspect on April 29, and seizing more than €11.4 million ($12.2 million) worth of cryptocurrencies, real estate and luxury cars, according to a May 3 report by feud.

Binance's investigations team will continue to cooperate closely with the authorities to ensure that the stolen funds are returned to investors.