<ul data-eligibleForWebStory="true"><li>Binance assisted Philippine law enforcement in dismantling a $3.75 million crypto ransom scheme.</li><li>The collaboration allowed investigators to identify suspects and track illegal fund flows on the blockchain.</li><li>The involvement of private junket operators complicated tracking transactions for the Anti-Cybercrime Group of the Philippine National Police.</li><li>Binance disabled associated assets, disrupting the money laundering operation.</li><li>The crypto exchange prevented over $3.5 million in US dollars related to the scheme.</li><li>An individual named Lin was arrested in the US for various criminal activities.</li><li>Binance's efforts have also assisted in uncovering cybercriminal networks in Thailand and Malaysia.</li><li>Crypto currencies present challenges to global law enforcement, despite blockchain transparency aiding in identifying illicit finance.</li><li>Bitcoin fell below $104K amidst tensions between Iran and Israel.</li></ul>

Binance Aids Philippines in Busting $3.75M Crypto Ransom Scheme

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