- Binance launches a law enforcement training program to tackle blockchain crime
- 2024 marks a record year for crypto-related criminal losses, surpassing $3B
- Strategic education initiatives may boost Binance’s regulatory standing worldwide
Binance is stepping into a new role — not just as a crypto exchange, but as a key player in the global effort to fight blockchain-based crime.
The company has officially launched a global law enforcement training program aimed at equipping officials with the tools to track, trace, and take down increasingly sophisticated Web3 criminals.
It comes at a time when crypto-related crime is hitting historic highs. In 2024 alone, over $3 billion in losses have been reported across exploits, scams, and ransomware attacks.
From nation-state hackers to large-scale pig butchering scams, the methods are evolving — and the numbers show that traditional law enforcement tools aren’t keeping up.
That’s where Binance’s initiative fits in. The program has already hosted sessions in key regions like Thailand and South Korea, training officers on blockchain forensics, wallet tracking, and DeFi-based laundering schemes.
The goal is to close the gap between the speed of criminal innovation and law enforcement readiness.
Despite the headlines, Binance’s own Financial Intelligence Unit recently highlighted that illicit activity still makes up less than 1% of total crypto volume.
But with rising institutional interest and growing retail exposure, even a small percentage can translate into billions — and trust in the system is on the line.
This move by Binance may be strategic.
As regulatory scrutiny increases globally, showing leadership in security and compliance could strengthen its position with policymakers — especially in markets where crypto regulation is still evolving.
What’s clear is that crypto isn’t just fighting for mainstream adoption anymore. It’s fighting to protect the legitimacy of the space itself.
