Binance Assists Philippines in Tracing $3.75M Crypto Ransom Linked to Offshore Gambling

Binance Assists Philippines in Tracing $3.75M Crypto Ransom Linked to Offshore Gambling

In a breakthrough investigation blending law enforcement precision and blockchain technology, the Philippine National Police (PNP) successfully traced a $3.75 million crypto ransom with the help of Binance. The operation, which involved digital forensics and cross-border coordination, highlights how crypto platforms like Binance are becoming key allies in the global fight against digital financial crime.…

Online Gambling Thrives Amid Rising Crypto Crime in 2024: A Growing Concern

Online Gambling Thrives Amid Rising Crypto Crime in 2024: A Growing Concern

The year 2024 marked a crucial turning point for the Web3 industry, especially in the realm of online gambling. According to a recent report by Bitrace, the sector experienced significant growth, fueled by the soaring market capitalization of crypto assets and widespread adoption of crypto infrastructure. However, this expansion also saw a troubling increase in…