• Dapps: 16.23K
  • Blockchains: 78
  • Active users: 66.47M
  • 30d volume: $303.26B
  • 30d transactions: $879.24M

Binance and Delhi Police Unveil Solar Scam

by

2 hours ago

Binance has collaborated with the Delhi Police to successfully bust a sophisticated scam masquerading as 'M/s Goldcoat Solar.'

Solar Scam Busted

The investigation revealed the syndicate's use of numerous SIM cards fraudulently activated with innocent people's identities. These SIM cards were distributed on a large scale, including overseas, to facilitate scams. The victims' funds were laundered through various bank accounts and partially converted into cryptocurrency.

Binance's Role in the Investigation

The Delhi Police contacted Binance during a 'sharing session.' Virtual meetings with Binance provided crucial analytical support, which helped trace the money trail and apprehend the perpetrators.

Binance has been conducting sharing sessions with global law enforcement agencies, and this case highlights the positive outcomes of these collaborations. By connecting with law enforcement agencies, we can provide timely and crucial support in financial investigations and we will continue to do so to help combat financial crimes.Jarek Jakubcek

Previous Collaborations

Previously, Binance assisted Indian authorities in shutting down a fraudulent online gaming app that swindled users out of over $47.6 million. The Binance Financial Intelligence Unit played a key role in helping India's Enforcement Directorate trace stolen funds and expose scheme operators.

The joint efforts of Binance and the Delhi Police have led to the successful busting of a complex scam, highlighting the importance of collaboration between private and public entities in combating financial crime.

0

Share

Other news

WEMIX Announces WEMIX Pay and PLAY Token Update

WEMIX introduces WEMIX Pay and enhances PLAY Token, opening new opportunities for token holders.

13 minutes ago

Why Zig Network (ZIG) Surpasses Dogecoin (DOGE) and Shiba Inu (SHIB)

Zig Network (ZIG) attracts attention with its new approach, offering participants a share of platform revenues.

13 minutes ago

Cryptocurrency Market Awaits Growth: Focus on Bonk and Solana

Cryptocurrency market revives: potential rise of Bonk and Solana attracts investor interest.

13 minutes ago

Bitcoin Nears $70K, Memecoins SPX, GIGA, and APU Show Strong Growth

As Bitcoin rises to $69K, memecoins SPX, GIGA, and APU surge with remarkable gains.

14 minutes ago

Vitalik Buterin Discusses the Risks of PoS Model in Ethereum

Vitalik Buterin highlights the potential risks of PoS model for Ethereum's security and decentralization.

14 minutes ago

Bitcoin's Rise and Cryptocurrency Prospects Analyzed

Bitcoin nears $70K amid crypto growth. Fear & Greed Index hits 73.

14 minutes ago

dapp expert logo
© 2020. DappExpert. All rights reserved.
© 2020. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.