Binance takes on the ransomware!
Since the 18th century, humankind has witnessed rotations that have forever altered the world for the better. The closest revolution we have observed is the advent of the internet. The influence of the internet is so enormous that we can no longer imagine our lives without it.
On the other hand, we have to face criminal activities and ransomware on the internet. Moreover, the potential of cryptocurrencies and blockchain technology is vast and we all know this. It is by no means without any downsides. Though, currently, the one tormenting the crypto world the most is none other than ransomware attacks.
Having said that, ransomware attacks are not solely a crypto-problem. Particularly, now that this problem is being highlighted and many platforms are coming to the rescue of the crypto if not completely cut it. Also, at the forefront of this effort is ‘Binance’, one of the world’s largest cryptocurrency exchanges.
Binance Taking Charge by Curbing with Ransomware
Cryptocurrencies and the cases of Bitcoin for illegal activities are growing. Further, efforts to restrain these activities are also growing. This effort saw the development of several crypto and blockchain firms actively taking part in tracing the source of cryptocurrencies, and the movements of illicit actors.
The one leading by example is Binance, one of the largest cryptocurrency exchanges in the world.
Here is how Binance is taking the charge of the future!
The cryptocurrency exchange has partnered with several law enforcement agencies and implemented advanced methods to keep a tab on trade activities like ransomware executed on the platform. The exchange also has a dedicated team – the security data science team – that focuses on building anti-fraud systems and scaling investigations.
