Binance just helped local police in São Paulo pull off a major win. In a slick takedown called Operation Sleipnir, cops went after a gang stealing smartphones and draining people’s bank and crypto accounts.
Binance Helps Bust Phone Thieves in Brazil Using Blockchain Sleuthing
How’d they crack it? Binance stepped in with next-level blockchain tools to trace the stolen funds, helping police track down the gang and recover assets worth 260,000 Brazilian reals — including crypto, cash, stolen phones, and even jewelry.
Brazilian prosecutor Lister Caldas Braga Filho gave it a big shoutout, calling their help “key” in this new wave of tech-driven crime fighting. And it’s Renato Bastos said it’s a big win for both crypto security and public-private teamwork.
This isn’t a one-off. In 2024 alone, Binance has responded to 65,000+ law enforcement requests, trained 1,300+ investigators, and helped recover $88 million in stolen assets across 80 countries.
In Brazil specifically, It is training police and prosecutors in cybercrime defense, proving it’s not just about trading coins — it’s about cleaning up the space.
Guilherme Nazar, Binance VP for Latin America, said the company is all in on making crypto safe and trustworthy for the long haul.
YOU MIGHT ALSO LIKE: Scam ! Bro Ramil Palafox Busted for $198M Scam & Lavish Flexing
One thought on “Breaking ! Binance & Brazilian Cops Team Up to Recover $88M from Crypto-Phone Gang”