Leading cryptocurrency exchange Binance has assisted US law enforcement in seizing $4.4 million and freezing accounts associated with North Korean organized crime. This announcement was made in a series of tweets from the company, demonstrating its ongoing commitment to combating international cybercrime.
The action by Binance was in response to lawful warrants served over a year ago. The firm’s collaboration with law enforcement allowed them to proactively suspend accounts connected to the individuals involved in the malicious activities.
Binance underscored the role of blockchain technology in this investigation, highlighting its capacity to provide significant transparency and aid law enforcement in uncovering these types of crimes. They also mentioned their daily collaboration with authorities worldwide to prevent illegal activities and penalize the perpetrators.
The collaboration with Binance was part of a larger crackdown…
