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The Singapore Police Force (SPF) has recognized Binance, one of the top cryptocurrency exchanges in the world, for its noteworthy efforts to combat cybercrime. Binance declared on March 19 that the SPF’s Cybercrime Command (CCC) had given it an appreciation award. The award was given out on March 11 at the Alliance of Public-Private Cybercrime Stakeholders’ (APPACT) annual networking event.
To improve cybersecurity cooperation, officials from private businesses and law enforcement organizations came together at the APPACT event. Major companies including Google, Mastercard, Meta, Microsoft, and PayPal were recognized for their work to improve digital security, and Binance stood with them.
During the event, Acting Deputy Commissioner (Investigation & Intelligence) and Director of the Criminal Investigation Department (CID) of SPF, Zhang Weihan, emphasized the importance of public-private partnerships in combating cybercrime. Binance’s Head of Investigations for APAC, Akbar Akhtar, expressed gratitude for the recognition, stating: “Receiving the APPACT Appreciation Award is an honor for Binance, and we are deeply grateful to the Singapore Police Force for recognizing our team’s efforts in combating cybercrime. At Binance, we have always believed that effective security requires collaboration.”
Akhtar also highlighted the company’s ongoing commitment to supporting law enforcement and industry stakeholders. He said Binance constantly seeks opportunities to foster a safer digital environment for all users.
Binance’s wider dedication to cybersecurity is shown in its award in Singapore. The exchange helped the Central Investigation Bureau (CIB) in Thailand with Operation Cyber Guardian, a global campaign to combat cybercrime. Additionally, Indonesia’s Directorate of Cyber Crime awarded Binance a medal of appreciation for its assistance with criminal investigations.
Binance handled about 65,000 law enforcement requests worldwide in 2024 alone. The business is still working with partners in the public and private sectors to improve the security of digital banking and fight cyberattacks. Binance is committed to making its users’ online environment safer through these initiatives.