Crypto exchange Binance has received recognition from the Hong Kong Police Force for its assistance in a fraud and money laundering case involving virtual assets. The police force presented Binance with an award and a letter of appreciation, acknowledging the exchange's significant support in dismantling a local criminal group involved in multiple fraud cases. Binance's Global Head of Financial Intelligence Unit, Nils Andersen-Röed, expressed gratitude for the recognition, emphasizing the importance of collaboration between the public and private sectors in maintaining industry security. Binance also met with representatives of the Cyber Security and Technology Crime Bureau to discuss further collaboration in combating financial and cyber crime. This recognition adds to Binance's previous assistance in a kidnapping case and its involvement in providing training and expertise to various law enforcement units in Hong Kong.



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