KEY TAKEAWAYS
- Binance participated in the signing of the United Nations Convention against Cybercrime, emphasizing global cooperation in digital law enforcement.
- Binance contributed to discussions on cryptocurrency crime trends and law enforcement coordination, highlighting its role in supporting global investigations.
- Operation Skyfall, supported by Binance, led to significant arrests and asset seizures, showcasing effective collaboration between industry and law enforcement.
On October 25 and 26, Binance joined over 2,000 delegates from more than 100 countries in Hanoi for the historic signing of the United Nations Convention against Cybercrime, also known as the Hanoi Convention. The event, presided over by Vietnam’s State President and UN Secretary-General António Guterres, marked a new chapter in international efforts to strengthen trust, cooperation, and the rule of law in the digital age.
By the end of the conference, 72 countries and the European Union had signed the Convention. Once ratified by the signatories, it will enable faster, more efficient, and more unified cross-border investigations.
Binance Takes the Stage
During the two-day event, Binance actively contributed to three key side sessions that focused on operational realities such as law-enforcement coordination, cross-border cooperation, asset recovery, and public-private partnerships.
On the first day, Binance representatives spoke at the high-level side session titled Sharing Experiences and Best Practices in Collecting Electronic Evidence in Cryptocurrency and Money Laundering Investigations. This session included speakers from the State Bank of Vietnam and representatives from Egypt and Ghana. The discussion emphasized how blockchain intelligence can support and enhance global investigations.
On the second day, Binance co-hosted the side event, Cryptocurrency Crime Trends and Binance Support to Law Enforcement, with the United Nations Office on Drugs and Crime (UNODC) and the Royal Thai Police’s Criminal Investigation Bureau (CIB). This session explored current trends in crypto-related crime and the importance of coordinated efforts between law enforcement and industry partners to safeguard the digital ecosystem.
At this session, Thai authorities presented Operation Skyfall – a transnational money-laundering investigation supported by Binance’s Investigations Team that led to 28 arrest warrants and the seizure of over 46 million THB (1.4 million USD). Binance provided intelligence analysis and blockchain tracing that helped authorities map laundering routes and pinpoint key suspects.
From Policy to Practice
While the Convention establishes a landmark legal framework, its real strength lies in promoting operational collaboration between governments, law enforcement, and industry leaders. The side events in Hanoi underscored this shift from theory to action – focusing on law enforcement coordination, asset recovery, and public-private partnerships.
The discussions reflected a growing consensus: effective cybersecurity requires shared expertise and collective action. Binance’s participation in these discussions highlights its commitment to building a safer, more transparent, and resilient digital ecosystem.
For more details, visit the official announcement here.
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