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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.
To facilitate the sharing of knowledge and expertise among partners in law enforcement, academia, private industry, and academia, The NCFTA has been established since 2002. 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 is a global threat that continues to see exponential growth, with the potential to impact the very fabric of our society,” said Matt LaVigna, President and CEO of the NCFTA.
“Binance is an industry leader with a proven track record in aiding international cybersecurity investigations. With their leadership, collaborative approach, and commitment to the war on cybercrime, they will enhance our ability to achieve the current mission of the NCFTA and assist in enabling a safe environment not only for the blockchain and cryptocurrency industry, but for everyone,” added 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 $500 million worth ransomware proceeds.
“The constantly evolving blockchain and cryptocurrency industry relies on strong cooperation between the industry, law enforcement, and government agencies,” said Tigran Gambaryan, Vice President of Global Intelligence and Investigations at Binance. “Joining the NCFTA is an important step in our joint fight against cybercrime, securing the cryptocurrency ecosystem for the entire community. Binance is determined to become the most prominent contributor in fighting cybercrime and ransomware. We will continue our fight against cybercrime and increase our level of cooperation and transparency through our partnership with the NCFTA.”
More about Binance
Binance is the world’s leading blockchain and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Binance is trusted worldwide by millions of users. It offers an unparalleled portfolio of crypto products and services, such as trading and finance and education. For more information, visit: https://www.binance.com.
The NCFTA
National Cyber-Forensics and Training Alliance, a nonprofit corporation, focuses its efforts on identifying and validating, mitigating and eventually neutralizing cybercrime. They do this through strategic alliances and partnerships that include Subject Matter Experts (SMEs), in both the public and private sectors. NCFTA is always vigilant about identifying emerging cyber threats and shares threat information with its partners through multiple communication channels. You can find more information at www.ncfta.net about the National Cyber-Forensics and Training Alliance.
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