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Binance Becomes the Blockchain and Cryptocurrency Industry’s First to Join the National Cyber-Forensics and Training Alliance (NCFTA) -Breaking

by Mike Robinson

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Binance Becomes the Blockchain and Cryptocurrency Industry’s First to Join the National Cyber-Forensics and Training Alliance (NCFTA)

Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, today announced that it has joined the National Cyber-Forensics and Training Alliance (NCFTA), a nonprofit corporation focused on identifying, validating, mitigating, and neutralizing cybercrime threats. Binance, the pioneering blockchain and cryptocurrency company to officially join the alliance.

In 2002, the NCFTA was created to facilitate responsible information sharing and subject matter expert with law enforcement and academic partners. The NCFTA’s mission is to share and develop threat intelligence in the context of international efforts to fight and defeat cybercrime. NCFTA’s initiatives have helped prevent over $2 billion in potential losses and launch thousands of criminal and civil investigations, which have led to over a thousand arrests.

Cybercrime continues to grow exponentially and has the potential to disrupt the fabric of society.
Matt LaVigna is the President and CEO at NCFTA.

Binance has a track record of success in international cybersecurity investigations. They will increase our capability to accomplish the NCFTA’s current mission. Their collaborative approach and commitment to fighting cybercrime will make it easier for us to do so.
Matt.

Binance has built one of the world’s most advanced teams to tackle blockchain and cryptocurrency fraud. The Binance Investigations Group actively assists law enforcement agencies around the world. Binance has been involved in hundreds of criminal investigations that have resulted in high-profile arrests. These include a group of cybercriminals who laundered $500M worth ransomware proceeds.

“The blockchain industry is constantly changing and depends on solid cooperation between law enforcement and government agencies.”
Tigran Gambaryan was Vice President for Global Intelligence and Investigations at Binance.

Joining the NCFTA will be a significant step in the fight against cybercrime and ensuring the security of the crypto ecosystem. Binance is determined to become the most prominent contributor to the fight against ransomware and terrorist financing, cybercrime, and ransomware. Through our partnership with NCFTA, we will keep fighting cybercrime. We also plan to increase cooperation and transparency.

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