Cross-Border Cooperation Essential in Tackling Digital Arrest Scams

Binance Blog published a new article, highlighting the persistent threat of 'digital arrest' scams across South Asia and Southeast Asia. These scams involve criminals impersonating law enforcement officers to extort money from victims, often using cryptocurrency to transfer and launder funds across borders. The article underscores the importance of cross-border cooperation in combating these crimes, as demonstrated by Binance's support in a recent cybercrime case spanning multiple jurisdictions. A notable case involved a 90-year-old man in Gujarat, India, who lost ₹1 source: https://www.binance.com/en/square/post/26138445308130?utm_source=BinanceNewsRSS