Binance joins Operation SKYFALL to disrupt a transnational money laundering ring, seizing over 46 million baht in cash.
Binance, in collaboration with the Royal Thai Police, launched Operation 'SKYFALL,' an investigation and dismantling of a complex transnational digital money laundering network. The operation resulted in arrest warrants for 28 suspects and the seizure of assets worth over 46 million baht. The operation emphasizes public/private sector cooperation in combating financial crime and building confidence in the digital asset industry.
August 11, 2568 – Binance Announcing success from working with the Royal Thai Police inOperation 'SKYFALL' Participated in the investigation and dismantling of a complex transnational money laundering network involving digital assets, resulting in the issuance of arrest warrants for 28 suspects and the seizure of assets totaling over 46 million baht (approximately 1.4 million US dollars).
The Royal Thai Police successfully traced a blockchain transaction trail linked to a transnational network, assisted by operational intelligence and blockchain analysis from Binance's investigative team. This collaboration highlights the crucial role of partnerships in combating financial crime and enhancing security, transparency, and trust in the digital asset industry.
At a press conference about the case, the Royal Thai Police detailed the criminal network's operations and outlined the investigative efforts that led to the crackdown on the money laundering scheme, inviting Akbar Akhtar, Head of Investigations for Asia Pacific at Binance The Royal Thai Police also took this opportunity to express their gratitude for the support from Binance.
Pol. Col. Chitsanupong Waidee, Director of Division 3, Economic Crime Suppression Division (Director of Division 3, Technology Crime Suppression Division) "This case highlights how modern financial crimes require sophisticated investigative methods. Our collaboration with Binance allows us to track the movements of transnational money laundering networks that convert funds into digital assets through sophisticated channels. This process is no longer traceable through traditional channels. Therefore, the public and private sectors must work together to protect Thai citizens from increasingly sophisticated international financial fraud schemes," he said.
Akbar Akhtar, Head of Investigations for Asia Pacific at Binance "We are proud of the collaboration between the Binance investigative team and the Royal Thai Police. Our continued collaboration, committed to protecting communities and strengthening cybersecurity, has yielded tangible results and reinforces that true security knows no borders. Our collaboration with Thailand's law enforcement agencies reflects our shared commitment to protecting communities and strengthening cybersecurity. Binance remains committed to working with law enforcement agencies around the world to help build trust in the digital asset space," he said.
This achievement is part of Binance's long-term commitment to supporting law enforcement in Thailand and the wider global economy, including intelligence sharing, mentoring, and training to enhance officers' capabilities. Past successful collaborations, such as Operation Fox Hunt, Operation Cyber Guardian, and Operation Trust No One, underscore Binance's unwavering commitment to protecting its users.
Binance continues to strive to enhance security through collaborative partnerships. Over the past eight years, Binance has hosted over 8 online and offline training courses for law enforcement agencies worldwide, as well as regional programs such as the “APAC Regional Law Enforcement Day,” and has responded to 400 requests from law enforcement agencies worldwide.
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