Binance Aids Philippines in Busting $3.75M Crypto Ransom Scheme

The largest crypto exchange, Binance, publicised yesterday that its Financial Intelligence Unit (FIU) backed Philippine law enforcement in knocking down a sophisticated kidnapping-for-ransom function, including $3.75 million laundered via cryptocurrency.  The bad actors transferred ransom payments via casino junket operators before scattering the funds across virtual-asset channels. The collaboration of