The Binance Financial Intelligence Unit successfully collaborated with law enforcement to recover 3.5 million USD in crypto ransom. This incident underscores that some crypto platforms may not be willing or able to support authorities.
The case highlights the urgent requirement for global regulations and enhanced police training to ensure consistent efforts against crypto-related crime.
Despite Binance’s proactive role, the disparity in resources among different exchanges raises concerns about fairness and accountability in the crypto industry.
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