Binance Launches Global ‘Crypto Cops’ Training to Combat Exploding Wave of Web3 Crime

Binance Crypto crime

Crypto Journalist

Anas Hassan

Crypto Journalist

Anas Hassan

About Author

Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.

Author Profile

Share

Copied

Last updated: 

June 26, 2025

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

Binance has launched an ambitious global training initiative to create a new generation of “crypto cops” capable of combating the explosive surge in Web3 crime.

This law enforcement training program is led by Binance’s Head of Law Enforcement Training, Jarek Jakubcek, with recent training sessions held in Thailand and South Korea.

This particularly came at a time when Blockchain security data reveals 2024 as potentially the worst year for crypto-related criminal activity in history, with over $3 billion in annual losses.

However, Binance’s Financial Intelligence Unit recently reported that illicit transactions account for less than 1% of total crypto volumes, despite criminals becoming increasingly sophisticated.

These include ransomware attacks demanding millions in payments, large-scale pig butchering scams that drained $3.6 billion from investors in 2024, and state-backed hacking groups.

Binance ‘Crypto Cops’: Traditional Law Enforcement Meets Borderless Digital Crime

The fundamental challenge facing law enforcement in Web3 stems from incompatible operational frameworks that must reconcile to combat sophisticated criminal enterprises.

Traditional policing operates within jurisdictional boundaries, relying on physical evidence and legal procedures designed for offline crimes.

The Web3 ecosystem is a natively online, decentralized environment where criminals exploit pseudonymity and cross-border operations.

Binance’s training programs address this critical gap by teaching officers to think beyond geographical constraints.

These “crypto cops” possess a deep understanding of blockchain technology, gained through continuous education and hands-on experience with cutting-edge investigative tools.

These new-generation investigators are crypto users themselves and understand that digital asset crimes operate outside traditional banking systems.

The scale of this challenge becomes apparent when examining recent crime statistics. Q1 2025 marked the worst quarter for crypto hacks in the ecosystem’s history, as criminals stole $1.64 billion across just 39 incidents.

The North Korean Lazarus Group alone accounted for 94% of total losses through sophisticated attacks on battle-tested platforms like Phemex and Bybit. These state-backed actors represent arguably the most pressing threat to the crypto industry.

Recent training initiatives in Thailand, in conjunction with the Asia-Pacific Law Enforcement Day, brought together 18 speakers and officers from seven countries. The program focused on public safety, trust-building, and cross-border cooperation in Web3 security.

South Korea’s three-day program welcomed over 600 participants who received in-depth guidance on blockchain analysis tools and cross-chain tracing techniques.

Former Korean National Police Agency officer Minjae provided cultural context essential for effective international collaboration.

Advanced Criminal Tactics Drive Innovation in Detection Methods

The sophistication of contemporary crypto crime has compelled exchanges and law enforcement to develop increasingly sophisticated detection methodologies.

Criminal networks now leverage artificial intelligence, cross-chain protocols, and automated laundering strategies to evade traditional security measures.

Binance’s Financial Intelligence Unit head, Nils Andersen-Röed, revealed that criminals have evolved beyond simple darknet transactions into organized global operations.

These networks exploit mixing services, privacy-enhancing tools, and high-risk exchanges to obscure transaction trails.

Large-scale criminal networks operate across borders and maintain connections to human trafficking rings where individuals are forced into fraudulent labor.

These operations increasingly utilize AI-powered tools to create deepfake videos of company executives and highly targeted phishing campaigns.

The recent Christian Nieves Coinbase phishing scheme illustrates this perfectly. The New York-based criminal used a professional impersonation of “Coinbase Support” to trick over 30 customers into transferring $4 million.

Victims were instructed to create wallets using pre-generated seed phrases supplied by scammers.

The entire amount was subsequently gambled away on Roobet casino despite blockchain investigator ZachXBT’s detailed on-chain analysis revealing the criminal’s identity.

Binance’s response to these growing threats includes implementing advanced screening against global sanctions lists and real-time transaction monitoring using machine learning.

The system detects abnormal transfer patterns and links to illicit wallets immediately upon occurrence.

The exchange routinely files suspicious activity reports and collaborates with law enforcement worldwide to ensure that detected criminal behavior is properly addressed.

This multi-layered compliance framework has proven effective in fund recovery efforts. The company recovered $18.2 million in stolen funds during April 2025, with the cooperation of white-hat hackers.