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<div class="cryptonews">
 <p class="is-style-lead">Binance collaborated with law enforcement to stop a crypto scam in Thailand. The Royal Thai Police’s Cyber Crime Investigation Bureau (CCIB), along with U.S. Homeland Security Investigation (HSI), dismantled a nearly $277 million scam operation.</p>
 <p class="is-style-lead">The operation involved luxury assets, and nearly 3,000 victims have filed claims for compensation.</p>
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 <p>Police Lieutenant Colonel Thanatus Kangruambutr, an inspector at the CCIB, praised Binance as a crucial partner in their efforts to combat crypto scams and cyber-crimes.</p>
 <p>Tigran Gambaryan, Binance’s head of financial crime compliance, restated the exchange’s dedication to partnering with global authorities in combating crypto scams.</p>
 <p>The goal is to rebuild trust in the digital asset ecosystem and solidify the exchange’s role as a key ally in combating such scams.</p>
 <p>Crypto <a rel="noopener noreferrer nofollow" title="scammers" href="https://thebittimes.com/tag/scammers.html">scammers</a>, hackers, and cyber-criminals are moving fast, and their exploits and phishing techniques are evolving rapidly.</p>
 <p>Statista reports that the average cost of a data breach in the United States rose slightly from $9.44 million to $9.48 million compared to the previous year.</p>
 <p>Globally, the average cost per data breach in 2023 was $4.45 million.</p>
 <p>In September, $332 million was lost to crypto exploits, hacks, and scams, with $1.9 million attributed to exit scams, $0.4 million to flash loans, and $329.8 million to exploits.</p>
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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">#CertiKStatsAlert <br><br>Combining all the incidents in September we’ve confirmed ~$332M lost to exploits, hacks and scams.<br><br>Exit scams were ~$1.9M<br><br>Flash loans were ~$0.4M<br><br>Exploits were ~$329.8M<br><br>See more details below pic.twitter.com/DMFN9LWU8V</p>— CertiK Alert (@CertiKAlert) September 30, 2023
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 <p>Throughout the year, hackers and <a rel="noopener noreferrer nofollow" title="scammers" href="https://thebittimes.com/tag/scammers.html">scammers</a> have targeted projects like CoinEx.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/binance-helps-royal-thai-police-to-seize-277m-from-scammers-tbt65085.html">https://thebittimes.com/binance-helps-royal-thai-police-to-seize-277m-from-scammers-tbt65085.html</a></p>

Binance helps Royal Thai Police to seize $277M from scammers

TheBitTimes

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