Binance announced on March 19 that it has been recognized by the Singapore Police Force (SPF) for its contributions to cybercrime prevention. The cryptocurrency exchange received the appreciation award from SPF’s Cybercrime Command (CCC) at the annual Alliance of Public-Private Cybercrime Stakeholders (APPACT) networking dinner on March 11. This event brings together key figures from law enforcement and private industry to collaborate on cybersecurity efforts. Binance was honored alongside 17 other major companies, including Google, Mastercard, Meta, Microsoft, and Paypal, for its role in strengthening digital security measures.

During the ceremony, Acting Deputy Commissioner (Investigation & Intelligence) and Director of the Criminal Investigation Department (CID) of SPF, Zhang Weihan, acknowledged the private sector’s role in tackling cybercrime. Binance’s Head of Investigations for APAC, Akbar Akhtar, emphasized the exchange’s dedication to collaborative security, 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.” He added:

That is why we are constantly looking for opportunities to directly engage with both law enforcement agencies and industry players to create a digital environment where everyone feels safe, comfortable, and protected.

Binance explained that it has been working on cybersecurity efforts beyond Singapore. The exchange was recognized by Thailand’s Central Investigation Bureau (CIB) for helping with Operation Cyber Guardian, a global crackdown on cybercrime. It also received an appreciation medal from Indonesia’s Directorate of Cyber Crime for assisting in investigations. In 2024, Binance handled nearly 65,000 law enforcement requests worldwide. The company said it remains focused on collaborating with public and private partners to improve security in the digital finance space.

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