Ukrain Detains Crypto Money Laundering Operation With the Help of Binance

[mlawson71]

Binance greatly aided Ukrainian police in apprehending three individuals tied to a criminal group that was accused of laundering 42 million USD in crypto coins.
That became clear from a report by the cyber unit of the Ukrainian police – authorities were closely working with the cryptocurrency exchange in a combined effort to bring the alleged criminals to justice.
Binance also released a statement:
“Suspicious activity detected and analysed by the Binance Sentry team, in collaboration with the Cyber Police of Ukraine, led to the identification and arrest of a cyber criminal organisation responsible for a ransomware campaign and the laundering of more than $42 million in cryptocurrencies over the last two years,”
Source
I am always glad to see news about things of that nature, it’s good when crypto exchanges have a reputation for upholding the law, rather than help break it.