{"id":36453,"date":"2025-02-12T19:00:59","date_gmt":"2025-02-12T16:00:59","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=36453"},"modified":"2025-02-12T18:43:54","modified_gmt":"2025-02-12T15:43:54","slug":"binance-and-inhope-join-forces-to-fight-online-crime","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/binance-and-inhope-join-forces-to-fight-online-crime\/","title":{"rendered":"Binance and INHOPE Join Forces to Fight Online Crime"},"content":{"rendered":"<p data-end=\"371\" data-start=\"80\">Cryptocurrency exchange Binance has announced <strong data-end=\"245\" data-start=\"109\">a partnership with global child protection network INHOPE to prevent the spread of online child abuse material (CSAM)<\/strong>. Binance aims to further strengthen its fight in this area by becoming INHOPE&#8217;s newest <strong data-end=\"303\" data-start=\"282\">Platinum partner<\/strong>.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/binance-and-inhope-join-forces-to-fight-online-crime\/#Collaboration_in_the_Fight_Against_Cryptocurrencies_and_Digital_Crime\" title=\"Collaboration in the Fight Against Cryptocurrencies and Digital Crime\">Collaboration in the Fight Against Cryptocurrencies and Digital Crime<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/binance-and-inhope-join-forces-to-fight-online-crime\/#Blockchain_Analytics_and_Integrated_Work_with_Law_Enforcement\" title=\"Blockchain Analytics and Integrated Work with Law Enforcement\">Blockchain Analytics and Integrated Work with Law Enforcement<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/binance-and-inhope-join-forces-to-fight-online-crime\/#Contributing_to_the_Security_of_the_Cryptocurrency_Industry\" title=\"Contributing to the Security of the Cryptocurrency Industry\">Contributing to the Security of the Cryptocurrency Industry<\/a><\/li><\/ul><\/nav><\/div>\n<h3 data-end=\"439\" data-start=\"373\"><span class=\"ez-toc-section\" id=\"Collaboration_in_the_Fight_Against_Cryptocurrencies_and_Digital_Crime\"><\/span><strong data-end=\"437\" data-start=\"377\">Collaboration in the Fight Against Cryptocurrencies and Digital Crime<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-end=\"763\" data-start=\"440\">Financial institutions play a critical role in the fight against digital crime. In particular, <strong data-end=\"606\" data-start=\"523\">the increasing use of cryptocurrency transactions for illegal activities makes<\/strong> such collaborations important. Samantha Woolfe, INHOPE&#8217;s Director of Global Partnerships, made the following statement about Binance&#8217;s participation:<\/p>\n<blockquote>\n<p data-end=\"1215\" data-start=\"765\"><em data-end=\"1213\" data-start=\"765\">&#8220;We are pleased to welcome Binance as a partner providing annual financial support. Decentralized payment methods are increasingly being misused by malicious actors in the CSAM exchange. Therefore, it is vital to collaborate with key financial players. Binance&#8217;s commitment to online security will strengthen global efforts to detect, report and remove illegal content.&#8221;<\/em><\/p>\n<\/blockquote>\n<h3 data-end=\"1282\" data-start=\"1217\"><span class=\"ez-toc-section\" id=\"Blockchain_Analytics_and_Integrated_Work_with_Law_Enforcement\"><\/span><strong data-end=\"1280\" data-start=\"1221\">Blockchain Analytics and Integrated Work with Law Enforcement<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-end=\"1583\" data-start=\"1283\">Binance is <strong data-end=\"1373\" data-start=\"1292\">committed to<\/strong> supporting INHOPE&#8217;s global mission by continuing <strong data-end=\"1373\" data-start=\"1292\">its commitment to security and regulatory compliance in the crypto space<\/strong>. In particular, it will share with INHOPE its ability to detect illegal transactions through blockchain analytics tools and its extensive law enforcement network.<\/p>\n<p data-end=\"1705\" data-start=\"1585\"><strong data-end=\"1661\" data-start=\"1596\">Nils Andersen R\u00f6ed, Global Head of<\/strong> Binance&#8217;s <strong data-end=\"1661\" data-start=\"1596\">Financial Intelligence Unit<\/strong>, said the following about the partnership:<\/p>\n<blockquote>\n<p data-end=\"2294\" data-start=\"1707\"><em data-end=\"2292\" data-start=\"1707\">&#8220;We are proud to partner with INHOPE. Our team of former law enforcement officers, security experts, analysts, prosecutors and regulators have dedicated their careers to fighting crime. We have experience in combating human trafficking, child exploitation, terrorist financing, ransomware and financial crime. Our priority is to protect users and increase the security of the global blockchain ecosystem. By joining forces with INHOPE, we will increase our efforts to prevent online crimes and illegal activities on blockchain.&#8221;<\/em><\/p>\n<\/blockquote>\n<h3 data-end=\"2346\" data-start=\"2296\"><span class=\"ez-toc-section\" id=\"Contributing_to_the_Security_of_the_Cryptocurrency_Industry\"><\/span><strong data-end=\"2344\" data-start=\"2300\">Contributing to the Security of the Cryptocurrency Industry<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-end=\"2696\" data-start=\"2347\">Binance&#8217;s collaboration with INHOPE highlights <strong data-end=\"2453\" data-start=\"2408\">the growing role of<\/strong> financial institutions <strong data-end=\"2453\" data-start=\"2408\">in preventing online crime<\/strong>. Highlighted at the 2024 INHOPE Summit, blockchain analytics tools and <strong data-end=\"2633\" data-start=\"2601\">innovative partnership models<\/strong> between the financial sector and child protection organizations are crucial to preventing illegal transactions.<\/p>\n<p data-is-last-node=\"\" data-end=\"2931\" data-start=\"2698\">This step is an indication <strong data-end=\"2779\" data-start=\"2707\">that the crypto sector needs to take responsibility in the fight against crime<\/strong>. Binance aims <strong data-end=\"2919\" data-start=\"2855\">to create a safer environment in the cryptocurrency ecosystem<\/strong> by increasing security measures.<\/p>\n<p data-is-last-node=\"\" data-end=\"2931\" data-start=\"2698\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency exchange Binance has announced a partnership with global child protection network INHOPE to prevent the spread of online child abuse material (CSAM). Binance aims to further strengthen its fight in this area by becoming INHOPE&#8217;s newest Platinum partner. Collaboration in the Fight Against Cryptocurrencies and Digital Crime Financial institutions play a critical role in<\/p>\n","protected":false},"author":6,"featured_media":36456,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[22,11651],"class_list":["post-36453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exchange-news","tag-binance","tag-inhope"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Binance and INHOPE Join Forces to Fight Online Crime - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/binance-and-inhope-join-forces-to-fight-online-crime\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance and INHOPE Join Forces to Fight Online Crime - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Cryptocurrency exchange Binance has announced a partnership with global child protection network INHOPE to prevent the spread of online child abuse material (CSAM). 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