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Binance Blog published a new article, highlighting the significant milestones and achievements of 2024 for both Binance and the broader crypto community. As the year draws to a close, the article reflects on the remarkable growth and developments within the blockchain space, driven by users worldwide.The year 2024 marked a period of unprecedented global adoption of blockchain technology, with stablecoins, Web3 gaming, and Bitcoin's all-time high leading the charge. Binance celebrated a record-breaking year, achieving $100 trillion in trading volume and expanding its user base to over 240 million globally. The article invites users to explore their personalized Year in Review via the Binance app or website, allowing them to revisit their trades, milestones, and contributions to the Binance community.The article extends a heartfelt thank you to the Binance community, acknowledging the pivotal role users have played in shaping the crypto ecosystem. It emphasizes the importance of user engagement and achievements in driving Binance's mission to make crypto accessible to all. The article also highlights the industry's growth, with stablecoin adoption increasing by 15% and the market value of tokenized real-world assets reaching $3.45 billion.Binance's accomplishments in 2024 include significant user growth, regulatory approvals in 20 countries, and enhanced security measures that prevented over $2.4 billion in potential losses from scams and fraud. The platform also strengthened its global collaborations, responding to over 55,000 requests from law enforcement agencies worldwide. The article underscores Binance's commitment to compliance and global expansion, as well as its dedication to safeguarding user assets through enhanced Proof of Reserves.Community engagement remained a cornerstone of Binance's success, with events like Binance Blockchain Week Dubai 2024 bringing together thousands of attendees from around the world. The article concludes by celebrating the community's contributions and encouraging users to continue building on the year's progress as they step into 2025. It invites users to explore their Year in Review and participate in the Binance Square campaign for a chance to earn rewards, fostering a sense of collaboration and growth within the crypto space.

Binance TH secures ISO 27001 and ISO 27701 certifications, highlighting its commitment to top-tier security and privacy standards in Thailand’s digital asset ecosystem.Binance TH Sets Benchmark with Prestigious ISO CertificationsBinance TH, a joint venture between Binance’s subsidiary and Gulf Edge Co. Ltd., has earned ISO 27001 and ISO 27701 certifications from the British Standards Institution (BSI). These certifications underscore the platform’s dedication to maintaining high international standards for information security and privacy management.This achievement positions Binance TH as a leader in Thailand’s digital asset space, bolstering user trust and confidence in the platform’s commitment to safeguarding sensitive information.What the Certifications MeanISO 27001: Information Security GovernanceA globally recognized benchmark for securing information assets.Confirms Binance TH’s robust policies, controls, and procedures for safeguarding data integrity.ISO 27701: Privacy Information Management Establishes standards for managing personal data in compliance with international privacy laws.Reflects Binance TH’s proactive approach to protecting user privacy.Industry Leadership and Dedication to ExcellenceCommitment to Security and IntegrityNirun Fuwattananukul, CEO of Gulf Binance Co., Ltd., stated:“These certifications reflect our dedication to security and integrity, ensuring Binance TH remains a trustworthy platform for users and the blockchain ecosystem.”Binance’s Global ExpertiseJimmy Su, Binance's Chief Security Officer, added:“Information security governance is crucial for sustainable growth in blockchain. Binance provides best-in-class technology and solutions to support its ventures worldwide.”Binance TH’s achievement aligns with similar certifications attained by Binance in regions like France, Bahrain, UAE, Turkey, and Kazakhstan, further solidifying its global reputation for excellence.Maintaining Compliance and Future GoalsAnnual Audits: Binance TH will undergo yearly surveillance audits to ensure continued compliance with ISO standards.Broader Impact: This accomplishment sets a benchmark for Thailand’s digital asset industry, inspiring confidence among users and regulators alike.Conclusion: A Milestone for Trust and Security in ThailandBinance TH’s ISO 27001 and ISO 27701 certifications reaffirm its commitment to user protection and global best practices. This milestone strengthens its position as Thailand’s leading digital-asset trading platform and underscores the importance of security and privacy in driving trust within the blockchain ecosystem.

Binance Futures expands its trading options by launching MORPHOUSDT and CHILLGUYUSDT perpetual contracts. Traders can access these contracts with up to 75x leverage, enabling advanced strategies with greater flexibility.These contracts are available starting November 27, 2024, with trading kicking off at:14:30 UTC for MORPHOUSDT.14:45 UTC for CHILLGUYUSDT.Contract SpecificationsContractMORPHOUSDTCHILLGUYUSDTLaunch Time2024-11-27 at 14:30 UTC2024-11-27 at 14:45 UTCUnderlying AssetMorpho (MORPHO)Just a Chill Guy (CHILLGUY)Settlement AssetUSDTUSDTTick Size0.00010.0001Funding Rate±2.00%±2.00%LeverageUp to 75xUp to 75xTrading Hours24/724/7Multi-Assets ModeSupportedSupportedFunding and Settlement DetailsFunding rates are capped at ±2.00%, with settlements every four hours.Multi-Assets Mode allows margin trading using multiple assets, including BTC.Key Features and ConsiderationsEnhanced Flexibility with Multi-Assets ModeBinance's Multi-Assets Mode enables users to trade these perpetual contracts using various margin assets. For instance, BTC can serve as collateral for MORPHOUSDT and CHILLGUYUSDT trades.Dynamic Contract AdjustmentsBinance may adjust contract specifications based on market conditions, such as:Funding fee caps.Tick sizes and leverage limits.Margin requirements.Spot vs. Futures ListingsIt's essential to note that token listings on Binance Futures do not guarantee their availability on Binance Spot markets.

Binance has announced the addition of Thena (THE) to its platform, integrating the asset across Binance Earn, "Buy Crypto," Binance Convert, Margin, Auto-Invest, and Futures. Users can now leverage THE across multiple Binance services, enabling flexible trading, investing, and earning opportunities.Here’s a breakdown of Thena’s availability across Binance services:Key Launch Dates for Thena (THE) (H2)Earn ProductsFlexible Products Listing: Available for subscription on Binance Simple Earn starting 2024-11-27 at 10:00 UTC.Auto-Invest: From 2024-11-28 at 10:00 UTC, users can purchase THE through Binance Auto-Invest.Buy CryptoUsers can buy THE using VISA, MasterCard, Google Pay, Apple Pay, or wallet balances within an hour of THE’s listing on Binance Spot.ConvertTrade THE against BTC, USDT, and other tokens at zero fees via Binance Convert within one hour of THE’s Spot listing.Margin TradingStarting 2024-11-27 at 12:00 UTC, THE will be added as a borrowable asset on Cross and Isolated Margin, including the THE/USDT pair.Important: Check the latest Margin Data for limits, collateral ratios, and rates.Futures Launch: THEUSDT Perpetual Contracts (H2)Binance Futures will debut the USDⓈ-M THE Perpetual Contract on 2024-11-27 at 12:15 UTC, featuring:Leverage: Up to 75x.Settlement Asset: USDT.Funding Rate Cap: ±2.00%, settled every 4 hours.Key Contract Details (H3)ContractTHEUSDT PerpetualLaunch Time2024-11-27 at 12:15 UTCLeverageUp to 75xTick SizeTo be confirmedTrading Hours24/7Funding Rate±2.00% (Initial cap)Multi-Assets ModeUsers can trade THEUSDT Perpetual Contracts across multiple margin assets using Binance's Multi-Assets Mode. For example, BTC can be used as margin when trading these contracts.What to Know About THEUSDT Perpetual Contracts (H2)Funding Fee Settlement Frequency: Every four hours.Dynamic Adjustments: Binance may modify contract specifications, including funding fees, leverage, and margin requirements based on market conditions.Compliance: THEUSDT contracts are subject to Binance’s Terms of Use and Futures Service Agreement.

Thailand's Central Investigation Bureau (CIB) and Technology Crime Suppression Division (TCSD), with support from Binance’s Financial Intelligence Unit (FIU), dismantled a sophisticated transnational fraud network in a landmark case of public-private cooperation.The criminal syndicate, operating under the guise of social media investment schemes, lured victims into transferring funds totaling 3.8 million baht ($110,000). Using blockchain transactions, the perpetrators converted stolen funds into luxury assets, including real estate and high-end cars. The success of Operation Cyber Guardian demonstrates the power of cutting-edge technology and international collaboration in tackling cybercrime.How the Fraud UnfoldedThe SchemeThe network enticed victims with fake investment opportunities via social media ads. Victims unknowingly transferred funds to mule accounts, where the syndicate obscured their tracks through blockchain transactions.Funds were converted into stablecoins like USDT.Assets purchased included land deeds, vehicles, and branded goods.The InvestigationLed by Pol. Col. Chitsanupong Waidee, TCSD investigators unraveled the network’s cross-border operations with Binance’s blockchain analytics expertise. Binance’s FIU traced digital transactions, linking wallet clusters to suspects.Raids and Arrests Coordinated raids across Bangkok and provinces like Nakhon Ratchasima and Tak resulted in seven arrests. Seized assets included:A luxury mansion worth 27 million baht.High-end vehicles, gold bars, and land titles.Over $2.3 million in total assets.Pol. Col. Waidee emphasized Binance’s pivotal role:"The partnership with Binance bridged investigative gaps, ensuring justice prevailed."Binance’s Ongoing Fight Against Cybercrime Binance’s FIU, led by Nils Andersen-Röed, reaffirmed its commitment to combating financial crime:"This operation highlights the transparency of blockchain in uncovering fraud and protecting victims."Binance’s proactive approach to compliance and investigations makes it a vital ally in the fight against illicit activities.A Safer Digital Future Operation Cyber Guardian exemplifies the success of uniting traditional and modern investigative methods. As Binance and law enforcement strengthen their collaboration, the fight against cybercrime advances, ensuring a secure digital ecosystem for all.

Binance announced the introduction of Thena (THE) as the second project on its Binance Airdrops Portal, rewarding BNB holders with exclusive token airdrops. Thena, a decentralized exchange (DEX) and liquidity layer built on BNB Chain and opBNB is now part of Binance’s HODLer Airdrops program.Key Details of Thena (THE) AirdropsToken Name: Thena (THE)Total Token Supply: 206,863,770 THEMax Token Supply: 310,000,000 THEHODLer Airdrops Allocation: 21,750,000 THE (7% of max token supply)Smart Contract Address: 0xF4C8E32EaDEC4BFe97E0F595AdD0f4450a863a11Airdrop Distribution and Trading DetailsEligible users who subscribed their BNB to Simple Earn Flexible or Locked products between November 6, 2024, and November 13, 2024 (UTC) will receive THE tokens directly in their Spot Wallets.Airdrop Page Availability: Within 12 hours of this announcement.Spot Wallet Distribution: 1 hour before trading starts.Trading Begins: November 27, 2024, at 10:00 (UTC).Trading Pairs: THE/BTC, THE/USDT, THE/BNB, THE/FDUSD, and THE/TRY.The seed tag will apply to THE for initial trading.What is Binance HODLer Airdrops?Binance’s HODLer Airdrops rewards BNB holders retroactively based on historical snapshots of their BNB balances in Simple Earn Flexible or Locked products. Subscribers to Simple Earn automatically qualify for token rewards without requiring any additional action.Benefits of HODLer Airdrops:Passive Rewards: Earn tokens based on past BNB holdings without active participation.Multi-Reward Eligibility: Qualify for Launchpool, Megadrop, and HODLer Airdrops simultaneously.Convenience: Snapshots are taken hourly, ensuring fair distribution.How to Participate in Future HODLer AirdropsNavigate to the [Earn] section on Binance.Search for BNB and subscribe to Simple Earn Flexible or Locked products.Binance will use historical snapshots of user balances to calculate rewards, which will be distributed to eligible Spot Wallets within 24 hours of the airdrop announcement.

22 November 2024Macro/TradFiSenator Cynthia Lummis advocates for the U.S. Treasury to convert some gold holdings into Bitcoin to create a strategic reserve.BlackRock backs creating a US Strategic Bitcoin Reserve as states and the Trump administration push to institutionalize the digital asset.Russia approves 15% tax on crypto mining and transactions, equating digital currencies to property and imposing new financial obligations on miners and traders.SEC Chair Gary Gensler will step down on January 20; Teresa Goody Guillén, BakerHostetler partner and blockchain co-lead, is eyed as successor.MicroStrategy completed a $3 billion offering of 0% convertible senior notes due December 2029, aiming to use the proceeds to buy more Bitcoin.Bitwise filed for a Solana (SOL) ETF as the asset nears a new all-time high.WisdomTree launched its latest cryptocurrency ETP, the WisdomTree Physical XRP (XRPW), now listed on exchanges in Paris and Amsterdam.CryptoL1/L2:StarkWare CEO predicts Starknet's transaction speed to quadruple and fees to drop 5x within three months, positioning it to compete with Solana.On Nov. 21, Sui, a decentralized layer-1 blockchain, faced a major outage, stopping block production for over an hour.DeFi:As announced on Wintermute's governance forum, the Ethena Foundation approved Wintermute’s proposal to share DeFi protocol revenues with token-holders.California court rules Lido DAO as a general partnership, making members legally liable for its actions.Securitize and Elixir to launch a liquid staking token (LST) for tokenized securities, including BlackRock’s on-chain money fund, BUIDL.Others:Monkey Tilt, blending casino fun with social and lifestyle perks, announced $30M in Series A funding led by Pantera Capital.FTX and its affiliates aim to implement their Chapter 11 Reorganization Plan by Jan. 2025, setting distributions for creditors and customers.Latest Binance Research Publications Check out our latest publications:Exploring the Future of AI Agents in Crypto Monthly Market Insights - November 2024Understanding the Rise of MemecoinsThat’s a wrap!Binance ResearchAbout Binance Research: Binance Research is the research arm of Binance, the world's leading cryptocurrency exchange. The team is committed to delivering objective, independent, and comprehensive analysis and aims to be the thought leader in the crypto space. Our analysts publish insightful thought pieces regularly on topics related but not limited to, the crypto ecosystem, blockchain technologies, and the latest market themes.General Disclosure: This material is prepared by Binance Research and is not intended to be relied upon as a forecast or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities, cryptocurrencies or to adopt any investment strategy. The use of terminology and the views expressed are intended to promote understanding and the responsible development of the sector and should not be interpreted as definitive legal views or those of Binance. The opinions expressed are as of the date shown above and are the opinions of the writer, they may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by Binance Research to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Binance. This material may contain ’ forward-looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any securities, cryptocurrencies or any investment strategy nor shall any securities or cryptocurrency be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. Investment involves risks.

Binance CEO, Richard Teng expressed gratitude to Binance users, the community, and the dedicated staff that drive the platform's success. “Let’s keep building for Binance. Thank you to our users, community, and staff—we are in this together to support the freedom of money,” he stated, underscoring Binance's mission and long-term vision.The Core Principles Driving BinanceTeng highlighted three core principles that guide Binance’s growth and operations:Support Users: At the heart of Binance’s mission is a commitment to its users. Teng reiterated the platform’s focus on empowering individuals by offering accessible and innovative financial solutions.Advance Global Regulation and Compliance: Binance aims to work closely with regulators worldwide to foster trust and sustainability in the crypto space. “We support innovation, invest in compliance, and prioritize global regulation to ensure the growth of the industry,” Teng said.Accelerate Crypto Adoption: Despite crypto being in its infancy, Teng sees rapid growth on the horizon. “We’re still at a very early stage, comparable to the internet revolution. The next 10% growth will come very quickly,” he predicted, emphasizing the transformative potential of the crypto ecosystem.Looking Ahead to a Bright FutureTeng closed his remarks by reaffirming Binance’s commitment to building a better future for the crypto industry. “We are here to build and support, and I look forward to a better future,” he concluded. With a focus on innovation, regulation, and user empowerment, Binance continues to lead the charge in driving the global adoption of cryptocurrency.

As the cryptocurrency market experiences rapid growth and innovation, many newcomers are eager to dive into the space. During an AMA session celebrating his first year as CEO of Binance, Richard Teng offered practical advice to those just beginning their crypto journey.1. Understand the BasicsTeng emphasized the importance of foundational knowledge. “We are still at a very early stage—only about 6-7% of adoption,” he noted. Before starting, he advised newcomers to take time to understand the core principles of cryptocurrency. “There are excellent free resources, such as Binance Academy, that can help you learn about blockchain, cryptocurrencies, and the broader ecosystem,” Teng said.2. Conduct Thorough ResearchResearch is a critical step for anyone entering the crypto market. Teng encouraged exploring various blockchain networks, protocols, platforms, and projects to gain a comprehensive understanding. “Do your own research (DYOR),” he advised, emphasizing that informed decisions are key to navigating the ever-evolving crypto landscape.3. Start Small and StrategizeFor those looking to invest, Teng recommended a cautious approach. “If you want to invest, start small and use a reputable platform, such as Binance,” he suggested. He also highlighted the importance of regularly assessing and refining your investment strategy. “Start with a manageable amount, learn as you go, and adjust your approach based on your experiences,” he said.A Growing OpportunityAs the crypto market continues to expand, Teng's advice provides a roadmap for new entrants to navigate this exciting yet complex space. By focusing on education, research, and measured investment strategies, individuals can position themselves to make the most of the opportunities in this dynamic industry.

Binance announced the launch of Binance's official WhatsApp channel. This initiative aims to provide real-time updates on industry news, product launches, and events, complementing existing Binance channels like Telegram and Discord. The channel is designed to offer educational content, making it easier for newcomers to understand blockchain, DeFi, smart contracts, and more, all accessible directly on users’ phones.The launch of this verified channel on WhatsApp, a platform with over 2 billion active users globally, marks a significant milestone for Binance. It establishes Binance as one of the first global crypto exchanges with an official, verified presence on one of the world's largest messaging platforms. This move is part of Binance's mission to make crypto more accessible, trustworthy, and user-friendly for everyone. By expanding its reach to a more diverse audience, Binance aims to provide a secure and reliable source of updates on all things Binance, crypto, and Web3.The new WhatsApp channel is not only about providing updates but also about supporting those new to crypto. Subscribers will have access to educational resources that simplify learning about blockchain, decentralization, tokenomics, DeFi, and smart contracts. Binance's extensive library of Academy and blog articles will help users explore everything from crypto basics to advanced topics. Whether you're diving into blockchain for the first time or staying updated with the latest in the crypto world, Binance’s official WhatsApp channel makes it easier than ever to learn and grow.Security remains a top priority for Binance, and the WhatsApp channel reflects this commitment. The platform has long been a target for scammers, with fake accounts impersonating Binance employees to deceive users. The verified channel by Meta provides a secure way for the community to access accurate information. Users are urged to exercise caution and follow safety tips, such as only following verified channels, being wary of scams, and double-checking links before clicking. Binance emphasizes that it will never ask for sensitive information like passwords, private keys, or 2FA codes.This focus on security makes the WhatsApp channel a reliable and safe space for receiving updates, reducing the risks associated with interacting on third-party messaging platforms. Binance encourages users to stay informed by following their official channels and to remain vigilant against potential scammers who may attempt to impersonate Binance. Always verify that you are engaging with official Binance channels to ensure you receive legitimate updates directly from Binance.

According to the TokenInsight report, the cryptocurrency market has entered a bullish phase, fueled by key events like Bitcoin’s new all-time high of $94,000, the U.S. presidential election, and the growing integration of crypto assets into mainstream financial systems. Binance has emerged as a dominant force, outperforming traditional stock exchanges and cementing its position as a leader in crypto trading.Crypto Assets Go MainstreamData from October 7 to November 15, 2024, reveals significant trends in trading volumes:Binance: Total trading volume (spot + derivatives) was 10% higher than Nasdaq and twice the New York Stock Exchange (NYSE).Global Market Share: Binance accounts for approximately 50% of all centralized exchange (CEX) trading volume, demonstrating its unparalleled influence.This data underscores how cryptocurrencies are moving from niche markets into the financial mainstream, challenging traditional equity markets in liquidity and trading activity. Sources: Binance & Coinbase Volumes (including spot + derivatives); CoinMarketCap, Binance, Coinbase; source for NASDAQ / NYSE; TokenInsight reports.Spot Trading Leads the WayDespite the rise of Bitcoin ETFs, spot trading continues to dominate:Binance’s Bitcoin spot trading volume is 4.5 times the combined volume of all Bitcoin ETFs.Market Concentration: Binance’s trading volume is seven times larger than Coinbase’s and equal to the next 14 competitors combined, showcasing its market dominance.The preference for spot trading highlights its superior liquidity and accessibility, attracting both retail investors and institutional traders. Binance remains pivotal for Bitcoin price discovery and liquidity.Sources: Binance & Coinbase Volumes (including spot + derivatives); CoinMarketCap, Binance, Coinbase; source for NASDAQ / NYSE; TokenInsight reports.USDT Inflows Signal Market ConfidenceDuring the U.S. presidential election week, inflows of Tether (USDT) into centralized exchanges exceeded $20 billion, marking strong market liquidity:Binance: Led the inflows with $7.7 billion (39% market share).Tether’s Market Cap: Hit a record high of $128 billion, reflecting robust demand for crypto assets. With unmatched trading volumes, significant USDT inflows, and dominance in the spot trading market, Binance continues to lead the cryptocurrency industry. As institutional interest grows and Bitcoin ETFs evolve, Binance’s role in shaping market dynamics remains critical.

November 20, 2024 — Binance has announced the addition of new trading pairs and enhanced Trading Bots services to its Spot platform, aiming to broaden user options and enhance trading efficiency.New Trading Pairs UnveiledStarting November 20, 2024, at 08:00 UTC, Binance users will gain access to the following new trading pairs:ACT/BRLACT/EURCATI/USDCETH/EURILUMIA/TRYPNUT/BRLPNUT/EURThe new additions cater to traders looking to diversify their strategies with region-specific and stablecoin pairs.

Binance co-founder Yi He has issued a warning about a Telegram impersonation scam targeting users. In a post on X, Yi stated, "My Telegram account @heyibinance was maliciously reported and blocked. If someone says it's Yi on TG, that’s a scam."

Binance has achieved a major milestone, surpassing 240 million registered users. CEO Richard Teng shared the news on X (formerly Twitter), expressing gratitude to the platform's global user base.

November 14, 2024 — Binance has officially announced the launch of Usual (USUAL), a decentralized fiat stablecoin issuer, as its latest project on Binance Launchpool. Users will soon have the opportunity to earn USUAL tokens through airdrops by locking their BNB and FDUSD assets.Key Dates and DetailsFarming Period: Users can begin staking BNB and FDUSD for USUAL airdrops starting November 15, 2024, at 00:00 (UTC).Pre-Market Trading: Binance will initiate Pre-Market trading for the USUAL/USDT pair on November 19, 2024, at 10:00 (UTC).Spot Trading: The official spot listing for USUAL will follow, with details to be announced.What is Usual (USUAL)?Usual is designed as a decentralized fiat stablecoin issuer, offering a new approach to stablecoin issuance on the blockchain. Binance will be the first platform to list USUAL, and interested users should be wary of any offers claiming pre-listing sales, as they could be scams.How to ParticipateLock BNB and FDUSD in Binance Launchpool starting November 15, 2024, to earn USUAL tokens through airdrops.Pre-Market Access to USUAL will be available on November 19, 2024, exclusively on Binance, providing early trading access for eligible users. 

According to an official announcement: The Royal Malaysia Police (RMP), in partnership with Binance, has recovered approximately $1.6 million in ransom funds from a recent high-profile kidnapping case. The successful operation, involving the tracing of digital assets on blockchain networks, underscores the critical role of public-private partnerships in tackling cross-border crime and digital asset exploitation.RMP and Binance Collaboration Uncovers Ransom TrailThe case began on October 13, when a businessman was abducted in Johor and held for a ransom of 20 million ringgit ($4.5 million). The ransom was partly paid in cash and cryptocurrency, and with Binance’s support, investigators were able to trace the movement of digital assets, ultimately identifying key players involved in the crime.Leveraging advanced blockchain analysis, Binance’s Financial Intelligence Unit (FIU) worked with the RMP to map out connections within the criminal network, revealing a detailed money trail and helping authorities apprehend multiple suspects.ASP Nurul Aqila, Senior Officer at the Commercial Crime Investigation Department, praised the collaboration: “Binance’s expertise in blockchain tracing enabled us to follow the cryptocurrency flows precisely, leading us to significant suspects and recovering a substantial portion of the ransom.”Recovered Funds and EvidenceDuring the operation, authorities recovered both cash and cryptocurrency assets linked to the ransom. This included nearly $443,000 in Malaysian ringgit, $760,000 in Singapore dollars, and $398,000 worth of cryptocurrency. Police also seized a pistol, live ammunition, and handcuffs in connection with the case. So far, 14 suspects have been detained, including individuals connected to kidnapping logistics and ransom management.Binance’s Role in Strengthening Digital SecurityErin Fracolli, Binance’s Global Head of Investigations, emphasized the significance of the case: “Cryptocurrency can be misused in various forms of crime, and we are committed to assisting law enforcement in these complex cases. This success showcases the importance of vigilance and proactive measures in the digital asset ecosystem.”The RMP-Binance operation highlights a growing need for collaboration between the public and private sectors to address digital crime effectively, showcasing blockchain analysis as a powerful tool in modern investigations.As cryptocurrency continues to play a role in criminal activities, collaborations like this one offer hope for combating organized digital crime and ensuring security in an increasingly digital financial landscape.