2024 Review: How Binance Can Assist Global and Taiwanese Law Enforcement Agencies in Combating Finan

In recent years, financial crimes such as fraud have become one of the most concerning social issues for governments worldwide. As the world's largest virtual asset exchange, Binance has actively exerted its influence and invested huge resources in the past year, working together with law enforcement officers from various countries to combat criminals. In Taiwan, the number of requests from Taiwanese law enforcement agencies that Binance Financial Intelligence Unit responds to in 2024 has increased by 16% compared to the previous year, marking two consecutive years of growth since 2022. At the same time, Binance also held or participated in a total of 10 virtual asset investigation training courses or symposiums in Taiwan to help enhance law enforcement personnel's knowledge and skills related to virtual assets.

Binance is committed to collaborating with global law enforcement agencies to bring criminals to justice and create a secure and trustworthy ecosystem for the global crypto community. Its approach includes responding to requests from law enforcement agencies worldwide with the fastest response speed in the industry, and providing project investigation assistance for the most serious illegal activities; On the other hand, in order to bridge the knowledge gap brought about by rapid technological development, Binance actively organizes law enforcement training courses to provide necessary knowledge and skills for global law enforcement personnel in investigating virtual asset cases.

Looking back at 2024, Binance has responded to over 64800 law enforcement requests worldwide and provided services to over 14800 registered law enforcement personnel. Among them, the increase in the number of cases responded to in Taiwan also demonstrates Binance's investment of resources in Taiwan and its firm commitment to safeguarding the community.

Meanwhile, a team of experts composed of most former law enforcement elites also held a total of 100 virtual asset law enforcement training courses in various countries around the world last year; As for Taiwan, Binance actively provides lectures and exchanges for various units such as the District Prosecutors Office, Investigation Bureau, and Ministry of National Defense across the country. In the past two years, a total of 20 lectures have been held, with over 2000 law enforcement personnel participating, receiving high praise from law enforcement personnel. Binance Asia Pacific team representative He Xuanrong said:

With the booming development of virtual assets, the social issues arising from them have become issues that both the public and private sectors need to actively face together. We believe that Binance's powerful resources in combating financial crimes, including dedicated teams and robust risk control systems, can assist Taiwan in connecting with the international community and building a more secure encrypted financial environment. We also look forward to continuing to deepen cooperation with Taiwan government departments in the future, in order to block criminals from outside the Web3 ecosystem.

Binance always puts users first. According to statistics, in 2024, Binance avoided potential losses of $4.2 billion in fraud for users worldwide and protected 2.8 million users from malicious actors. In addition, it also assisted in the recovery and freezing of stolen assets totaling $88 million. At the same time, in order to prevent fraud, Binance also takes proactive measures to remind users of possible risks. Last year, Binance proactively called potential victims 30000 times and sent an average of 15000 personalized warning messages to users daily; If fraud unfortunately occurs, Binance will quickly assist victims in asset recovery. In 2024, Binance succes**ully assisted users in recovering an average of 800 fraud losses per month.

About Binance

Binance is a leading global blockchain ecosystem and the cryptocurrency trading platform with the highest trading volume and registered user numbers worldwide. Binance is trusted by over 100 countries and 240 million users worldwide for its industry-leading security, transparency, trading engine speed, investor protection measures, and unparalleled portfolio of digital asset products and services. Its service scope covers multiple fields such as transactions, finance, education, research, public welfare, payments, institutional services, and Web3 functionality. Binance is committed to building an inclusive cryptocurrency ecosystem, using cryptocurrency as a core tool to enhance financial freedom and promote financial services worldwide.

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