Binance Assists Ahmedabad Police in Cracking $200K Cross-Border Scam
Main Idea
Binance assisted Ahmedabad police in uncovering a $200K cross-border scam involving digital arrest frauds, highlighting the role of blockchain technology in combating cybercrime.
Key Points
1. Binance's Financial Intelligence Unit (FIU) helped monitor wallet activity and flag suspicious transactions in the scam.
2. The scam involved impersonating law enforcement and coercing victims, including a 90-year-old man who lost ₹1.25 crore (approx. USD 149,700).
3. Ahmedabad police praised Binance's support in tracing the crypto trail and identifying suspects to prevent further victimization.
4. Binance emphasized its commitment to collaborating with law enforcement to enhance the security of the crypto ecosystem in India and globally.
Description
BitcoinWorld Binance Assists Ahmedabad Police in Cracking $200K Cross-Border Scam Collaboration between Binance and Indian law enforcement highlights how blockchain transparency is aiding the fight against cybercrime in South and Southeast Asia Ahmedabad, India – July 08, 2025 : In a coordinated cross-border operation, global blockchain platform Binance has assisted the Ahmedabad Cyber Crime Branch in tracking and disrupting a sophisticated scam network that exploited victims across South and So...
Latest News
- Bitcoin ETF Holdings: Brevan Howard’s Astounding $2.3 Billion Disclosure2025-08-15 15:31:05
- Deribit USDC Options: A Revolutionary Leap for Bitcoin and Ether Trading2025-08-15 14:33:16
- Retail Interest Surges: Why Investors Are Pivoting from Bitcoin to Altcoins and Ethereum2025-08-15 14:29:18
- Bybit’s Daily Treasure Hunt Returns with 220,000 USDT Prize Pool and Lower Entry Barriers2025-08-15 14:28:08
- Bitcoin Uptrend: Resilient Against US PPI Shocks2025-08-15 14:26:33