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Binance and Taiwan Collaborate to Resolve $6.2 Million Crypto Fraud
The Financial Crimes Compliance department of Binance has partnered with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office to address a money laundering case involving 200 million New Taiwan dollars ($6.2 million) in digital asset fraud. An official statement revealed that the operation targeted criminals who laundered illegal proceeds through cryptocurrency transactions. The perpetrators used fake remittance documents, counterfeit identification, and manipulated communication records to avoid detection by law enforcement. With Binance's assistance, Lo Wei-yuan, a ... (full story)