Binance, the crypto exchange giant, has teamed up with the Royal Thai Police and other international law enforcement agencies to take down a massive crypto scam that defrauded thousands of victims. The operation, codenamed “Trust No One”, resulted in the arrest of five key syndicate members and the seizure of $277 million worth of assets. Over 3,000 victims have come forward to file compensation claims.Tigran Gambaryan, Binance’s head of financial crime compliance, said that Binance will continue to aid authorities worldwide in restoring people’s trust in the digital-asset ecosystem. Binance has also been involved in the recovery and freezing of $450,000 in stolen assets linked to the Curve Finance hack in 2022.Recently, Binance was in the news due to the thirteen charges filed by the U.S. Securities and Exchange Commission (SEC) against Binance entities and its founder, Changpeng Zhao. These charges include allegations of operating unregistered exchanges, broker-dealers, and clearing agencies, as well as misrepresenting trading controls and oversight on the Binance US platform and engaging in the unregistered offer and sale of securities.

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Information	Details
Geography	Asia
Countries	🇹🇭 🇺🇸
Sentiment	neutral
Relevance Score	8
People	Changpeng Zhao, Thanatus Kangruambutr, Tigran Gambaryan
Companies	US Securities and Exchange Commission (SEC), US Homeland Security Investigation (HSI), Curve Finance, Cyber Crime Investigation Bureau (CCIB), Binance
Currencies	None
Securities	None