Binance, in collaboration with the Central Investigation Bureau (CIB) and the Technology Crime Suppression Division (TCSD) of Thailand, has successfully dismantled a transnational online investment fraud network. The operation led to the seizure of more than 80 million baht (over 2.3 million USD) in assets, including luxury homes, vehicles, and digital currency. Binance's Financial Intelligence Unit (FIU) provided analytical support to help gather evidence. The operation exposed a sophisticated criminal syndicate that used social media to lure victims into transferring money to mule accounts. The funds were then converted into various assets, including real estate and luxury cars. Binance's expertise in blockchain analytics played a crucial role in providing the evidence needed for the successful completion of the operation. This collaboration demonstrates Binance's commitment to creating a safer digital-asset ecosystem and working with law enforcement agencies to combat financial crime.



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