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Binance Backs US Authorities in Seizing Over $100M Tied to Crypto Investment Scams

Binance has aided the US Department of Justice (DOJ) in seizing over $112 million linked to cryptocurrency investment scams. 

Binance expressed satisfaction with the takedown on April 7, noting on Twitter that they were proud to have supported that “significant case”.

“It’s a huge win for the FBI & demonstrates how the transparency of blockchain enables law enforcement to disrupt organized crime that can operate under the cloak of darkness in traditional finance,” a tweet from the exchange stated.

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