- Binance has teamed up with Hong Kong police to fight cybercrime.
- Cyber Security and Technology Crime Bureau began a training session on January 30.
- Binance Holdings Ltd. bought a controlling share in the ailing crypto exchange GOPAX.
The massive cryptocurrency exchange, Binance, recently participated in and sponsored a Virtual Asset Investigation Course (VAIC) organised by the Hong Kong Police Force`s (HKPF) Cyber Security and Technology Crime Bureau (CSTCB).
The move was allegedly an effort to bolster local law enforcement’s fight against cybercrime, according to a recent blog post on Binance`s blog.
According to Binance, In the Hong Kong Police Headquarters, the CSTCB ran a training session that began on January 30 and lasted five days, starting on January 30.
Representatives from the Hong Kong Police Force (HKPF), the Independent Commission Against Corruption (ICAC), and the Customs and Excise Department (C&E) participated in it. These will enhance the officers’ knowledge and capabilities in combating and preventing crime related to cryptocurrencies.
Jarek Jakubcek, Head of Law Enforcement Training at Binance, said:
User security has always been Binance’s top priority, and we are fully committed to building a secure blockchain ecosystem by bolstering international cybersecurity.
He believes collaboration with law enforcement agencies and officials is critical. He is also pleased to be working alongside the Hong Kong Police Force. He adds;
As Binance continues to remove bad actors from the digital ecosystem, we are heartened by the collaborations we’ve fostered.
In another report, Binance Holdings Ltd. bought a controlling share in the ailing cryptocurrency exchange GOPAX. According to reports, this marks the return of the largest operator of a trading platform for digital assets to a market from which it had withdrawn two years ago.
Binance CBO Yibo Ling claims the company has made a “significant” equity investment in GOPAX, a cryptocurrency exchange that temporarily suspended withdrawals of some products in November.