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Cryptocurrency exchange Binance recently supported an international law enforcement operation that culminated in the takedown of a prolific Thailand-based crypto Thai authorities, with Binance's support, have successfully concluded Operation FOX Hunt, leading to 8 arrests in a cryptocurrency wallet scam. The operation Binance collaborated with law enforcement to stop a crypto scam in Thailand. The Royal Thai Police’s Cyber Crime Investigation Bureau (CCIB), along with U.S. Homeland Binance has partnered with Thai law enforcement agencies to take down criminal networks responsible for orchestrating significant cryptocurrency scams. This collaboration has resulted Binance's collaboration with Thai authorities led to the arrest of five suspects in a $277M pig butchering scam. Binance supplied crucial intelligence, aiding the seizure of In a massive development, cryptocurrency trade Binance has discovered its pivotal role in assisting Thai authorities in dismantling a big crypto rip-off that defrauded

Binance Assists in Bust of $277M Thai Crypto Scam Syndicate

Cryptocurrency exchange Binance recently supported an international law enforcement operation that culminated in the takedown of a prolific Thailand-based crypto scam. In a massive development, cryptocurrency trade Binance has discovered its pivotal role in assisting Thai authorities in dismantling a big crypto rip-off that defrauded victims of an estimated $277 million.

Binance's Crucial Role in Operation FOX Hunt

Thai authorities, with Binance's support, have successfully concluded Operation FOX Hunt, leading to 8 arrests in a cryptocurrency wallet scam. The operation, which targeted a sophisticated pig butchering scam, relied heavily on intelligence provided by Binance. Binance supplied crucial intelligence, aiding the seizure of assets and the identification of key players within the syndicate.

Collaboration with Thai Law Enforcement

Binance has partnered with Thai law enforcement agencies to take down criminal networks responsible for orchestrating significant cryptocurrency scams. This collaboration has resulted in the arrest of multiple individuals and the seizure of illicit funds. Binance collaborated with law enforcement to stop a crypto scam in Thailand. The Royal Thai Police’s Cyber Crime Investigation Bureau (CCIB), along with U.S. Homeland Security Investigations (HSI), worked closely with Binance's investigations team.

Arrests and Seizures in $277M Scam

Binance's collaboration with Thai authorities led to the arrest of five suspects in a $277M pig butchering scam. This operation underscores Binance's commitment to combating crypto-related crime and protecting users from fraudulent schemes. The successful dismantling of this syndicate sends a clear message to criminals that Binance will not tolerate the use of its platform for illicit activities.

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