Binance announced receiving a letter of appreciation from the Hong Kong Police for assisting in a recent kidnapping investigation.
According to Binance, the company received a letter of appreciation from the Hong Kong Police Force's Organized Crime and Triad Bureau (OCTB) for their vital assistance in a recent kidnapping investigation. Their intelligence analysis played a key role in identifying members of a criminal syndicate. The Hong Kong Police praised Binance's proactive collaboration in fighting crime, highlighting the importance of public-private partnerships in addressing challenges related to emerging technologies.
Binance is organizing training sessions for law enforcement, including a previous collaboration with the OCTB at the Hong Kong Police Headquarters. These efforts aim to enhance the safety of the digital financial environment and foster trust in the industry.
According to Carlos Mak, Binance’s investigation team specialist, "We are honored to be recognized by the Hong Kong Police Force for our efforts against crime. We have always believed that public-private collaboration is the key to maintaining the security of the digital financial environment and enhancing trust in the industry. Moving forward, Binance will continue to contribute to the prevention of and fight against crime."
Binance operates as a major global blockchain platform, featuring the largest digital asset exchange by trading volume. The company offers a wide range of financial products and services and is known for its comprehensive ecosystem, which includes educational resources, research, charitable initiatives, and an NFT marketplace. Binance supports users around the clock in 40 languages and prioritizes security and regulatory compliance to protect its users and contribute to the growth of the blockchain industry. In 2022, according to Binance, the platform saw significant activity with an average daily trading volume of $65 billion and 300 billion spot transactions.