The Binance cryptocurrency exchange assisted in the capture of three people involved in the. Laundering of $ 42 million, the Ukrainian Interior Ministry said in a statement .
So, The Cyber Police Department’s cooperation with Binance began in early 2020 after the agency became. Interested in the exchange’s capabilities to analyze and identify transactions potentially related to financial crimes and fraud.
Also, In June, law enforcement officers stopped the activities of a criminal group offering services for the legalization of criminal proceeds. The total volume of its operations for two years of activity was $ 42 million.
|“Since a large number of financial transactions take place in the digital currency market as a result of hacker attacks on international companies, the spread of malware, theft of funds from the bank accounts of foreign companies and citizens, the cooperation of the Cyber Police Department with Binance contributes to the prompt exposure of those involved in such offenses. persons “, – said the head of the department Alexander Grinchak.|
As part of the investigation, Binance’s Sentry division worked with analytics firm TRM Labs.
It is noted that this is Binance’s first successful operation as part of the Bulletproof Exchangers initiative. Aimed at preventing illegal activities in the cryptocurrency space.
Recall that at the beginning of 2020, it was reported that Binance user accounts were. Blocked at the request of the Ukrainian police. It was later revealed that this was due to an investigation into the. Theft of a cryptocurrency worth about $ 1 million, some of which surfaced on Binance.