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Binance launches global ‘Crypto Cops’ training to combat exploding wave of Web3 crime
Binance has launched an ambitious global training initiative to cultivate a new generation of “crypto cops” equipped to combat the rapid surge in Web3-related criminal activity.
The law enforcement training program is led by Binance’s Head of Law Enforcement Training, Jarek Jakubcek, with recent sessions held in Thailand and South Korea. This comes at a time when blockchain security data reveals 2024 could be the worst year for crypto-related crime, with over $3 billion in annual losses projected.
However, Binance’s Financial Intelligence Unit has reported that illicit transactions account for less than 1% of total crypto volumes, despite criminals becoming increasingly sophisticated. These include ransomware attacks, large-scale investment scams, and state-backed hacking groups.
The fundamental challenge facing law enforcement in Web3 stems from incompatible operational frameworks. Traditional policing, reliant on physical evidence and jurisdictional boundaries, must adapt to the natively online, decentralized environment of the crypto ecosystem.
Binance’s training programs address this gap by teaching officers to think beyond geographical constraints. These “crypto cops” possess a deep understanding of blockchain technology and utilise cutting-edge investigative tools, becoming crypto users themselves to better comprehend digital asset crimes.
Recent training initiatives in Thailand and South Korea have brought together law enforcement from multiple countries, focusing on public safety, trust-building, and cross-border cooperation in Web3 security. Binance’s response includes implementing advanced screening against global sanctions lists, real-time transaction monitoring using machine learning, and collaboration with law enforcement worldwide to ensure detected criminal behaviour is properly addressed.
Read the original article here: https://cryptonews.com/news/binance-launches-global-crypto-cops-training-to-combat-exploding-wave-of-web3-crime/
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