Indonesia's Criminal Investigation Agency (Bareskrim) has teamed up with Binance and Tokocrypto to disrupt a major scam operation and seize $200,000 in ill-gotten funds. The investigation revealed a pig butchering scam network, and multiple suspects involved in managing the stolen funds were arrested. Binance's Financial Intelligence Unit (FIU) played a crucial role in providing analysis and support. The successful operation highlights the importance of public-private partnerships in combating financial crimes. Binance's FIU processed 58,000 law enforcement requests in 2023, demonstrating its commitment to collaborating with authorities globally. Tokocrypto also expressed its commitment to fighting financial fraud in the cryptocurrency space. The investigation is ongoing as authorities follow up on additional leads.



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