Despite the countless benefits that it has brought to society as a whole. Since the emergence of the Internet, this tool has been used by criminals to obtain unlawful gains. A pattern that, unfortunately, has been repeated in the crypto world. Where there are hundreds of criminals looking to break your security and get your criptomonedas. For this reason, it is important that Changpeng Zhao mentioned in the Tweet of the day, that Binance collaborates with the police of Ukraine against fraud:

Binance and the fight against fraud

Since the emergence of the criptomonedas, the fight against cybercrime has been one of the major problems that has faced the crypto world. Therefore, due to the decentralized nature of the technology, Blockchain, crypto market is not regulated by any entity or government. So that I would not have the minimum protection that the government provides to its citizens against crime.

In this way, in the world of criptoactivos can be found from sophisticated hackers, seeking to break the protection of your wallet and keep your criptomonedas. Until methods that are more rudimentary to obtain unlawful gains, as the fraud pyramid, and the false platforms of exchange.

Website of the Police of Ukraine announces that Binance cooperates with them against fraud. Source: Ciberpolicia Ukrainian
Website of the Police of Ukraine announces that Binance cooperates with them against fraud. Source: Ciberpolicia Ukrainian

For this reason, the crypto users, we have had to build for ourselves, the methods to be able to protect our criptomonedas in front of the crooks. Among which, the collaboration with governments around the world seems to be one of the most effective. With a company as big as Binance working with the government of Ukraine to stop fraudsters in the european country.

Keeping the industry #SAFU, #Binance helped the police of Ukraine to catch criminals involved in a fraud of us $ 42 million“.

According to the information provided, the criminals would use the criptomonedas in order to legitimize capital. Offering their services to those who could afford them, so they face sentences of up to eight years in prison. In a sample of the benefits that can be gained from the collaboration between the police and companies as the exchange Binance.

Tech Junkie is a small word for Vikas Kaushik. Whether the latest game on the market or a new gadget launch he is the go-to person. He drives his motivation from the fast-paced technological advancements. He ensures that the right news reaches niche audiences. An avid biker and movie buff he has deep-rooted faith in upcoming technological inventions and is a torchbearer for the tech revolution.

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