Binance collaborates with Royal Thai Police to seize $277M from scammers
Over 3,000 victims of the alleged crypto scammers have come forward to the authorities to file for compensation claims. In an announcement sent to Cointelegraph, Binance said that they worked alongside law enforcement agencies, providing intelligence to disrupt the criminal group. The operation, which had the code “Trust No One,” led to the arrest of five alleged key syndicate members and the seizure of various assets worth $277 million. Over 3,200 victims have already contacted the authorities to file for compensation. The Cyber Crime Investigation Bureau (CCIB) of the Royal Thai Police has collaborated with crypto exchange Binance and the United States Homeland Security Investigation (HSI) to take down a crime ring responsible for conducting a pig butchering crypto scam in Thailand. #Binance Aids Royal Thai Police in Crackdown on Criminal Networks | @Binance Blog https://t.co/GzMGjTlzmI — CZ Binance (@cz_binance) October 3, 2023 Police Lieutenant Colonel Thanatus Kangruam...