Binance, a crypto exchange, has recently joined forces with the Royal Thai Police in an investigation that led to the arrest of several suspects behind fraudulent activities. The investigation was assisted by Binance, the Cyber Crime Investigation Bureau (CCIB), and the US Homeland Security Investigation (HIS). The law enforcement agencies and the crypto exchange managed to seize around $300 million in digital assets, luxury items, and properties.Inspector of the Cyber Support Unit in the High-Tech Crime Division at Thailand’s Cyber Crime Investigation Bureau, Colonel Thanatus Kangruambutr, said that Binance’s contribution was significant in disrupting the criminal group. The suspects allegedly lured “novice investors” to have them deposit assets into investment platforms and provided them with false information regarding fictitious profits.The law enforcement agencies confiscated over 16 luxury residences, 12 luxury vehicles, and $440,000 in cash. The crypto exchange was awarded with a “commemorative plaque” for their support. Colonel Panuphat Kittiphan with the Technology Crime Suppression Division expressed his appreciation for Binance’s assistance. Binance has often boasted about its cooperation with international regulators and law enforcement bodies and this time, it claimed to have taken a critical role in shutting down a crypto scam network.

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Information	Details
Geography	Asia
Countries	🇹🇭
Sentiment	positive
Relevance Score	8
People	Panuphat Kittiphan, Thanatus Kangruambutr
Companies	Technology Crime Suppression Division, Cyber Crime Investigation Bureau (CCIB), Royal Thai Police, Binance, US Homeland Security Investigation (HIS)
Currencies	None
Securities	None