The leading cryptocurrency exchange Binance helped the Ukrainian authorities arrest a cybercriminal organization that, using variousransomware attacks around the world, stole and laundered $ 42 million.
In the last year, the Birzh launched a new initiative,Dubbed Bulletproof Exchanger, it is aimed at detecting and tracking malicious activity centers using cryptocurrencies. Once this is done, Binance directs the information to law enforcement agencies.
Although the name of the group is not disclosed, it is generally accepted that everyone suspected is a citizen of Ukraine who has been engaged in illegal activities for about two years.
Binance has assured that the Bulletproof Exchanger project will continue to work, helping the authorities to destroy illegal orga- nizations in the field of digital assets.
“The fight against money laundering,ransomware and other harmful actions has a decisive significance for the blessing of the [cryptocurrency] community and the health of the food ", - the preparation
It is worth noting that in November 2019 Binancesigned a memorandum on mutual understanding with the Ministry of Digital Transformation of Ukraine in order to establish clear rules for using the cryptocurrency in the country.
Binance provided help last year in SeptemberThe cyber department of the capital police of Belgium in the investigation of the business on the creation and sale of phishing scripts, aimed at at least 5-3 times.
According to the statement of the director according to theSamuel Lim's Binance, suspected to have been extradited from Bulgaria to Britain, where it was brought before the court of the Kingdom of Soutvapk in London. He declared himself guilty on five counts of fraud and was sentenced to nine years in prison.
As a result of his illegal actions, about half a million people were injured, and the scammer received about £ 41.6 million ($ 55 million).
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