Binance (Services Holdings) Ltd., a cryptocurrency exchange platform, just announced that it has hired a cybercrime expert to run its intelligence and investigations division in the Asia-Pacific region.
The news came almost two months after the SEC’s Enforcement and Investor Protection Department (EIPD) warned people not to invest in Binance, the Ireland-based company that runs the eponymous cryptocurrency exchange platform and blockchain infrastructure.
In August of last year, the non-profit organization Infrawatch Philippines Inc. said it got a letter from the SEC saying that, based on the initial evaluation of its EIPD, Binance is not a registered company and does not have the right to ask the public for money.
The cybercrime unit head hired by the crypto
The company said on September 29 that it had hired Jarek Jakubcek to be the head of intelligence and investigations for Binance Asia Pacific. In a statement, Jakubcek said that getting the exchange, the public, and the government to work together closely is one of his top priorities.
Jakubek said, “So far, we’ve done training or workshops in a number of countries in Europe and the Americas.” Due to the overwhelmingly positive feedback, we have already scheduled many law enforcement events, and we continue to welcome any chance to talk with the community about blockchain, cryptocurrency, and Binance’s anti-money laundering (AML) and Know Your Customer (KYC) policies.”
No one’s immune.
According to the company, Jakubcek is an expert on cybercrime and has been with Europol for 12 years. He has worked on major cryptocurrency-related crimes, the company says.
He was also a key figure in a number of major criminal cases, including ones involving ransomware, the dark web, corporate hacking, phishing, investment fraud, kidnappings, and money laundering.
The firm said that Jakubcek has also made mixing services less anonymous, published practical guides for law enforcement, set up conferences and webinars, built relationships with the crypto industry, and trained investigators all over the world. The company said that his last job was as a cryptocurrency expert on the Europol Cybercrime Centre’s (EC3) Dark Web team.
He will now be in charge of working closely with law enforcement agencies to take down bad actors in the crypto world.
“Criminals can use any asset or payment method they want. There have been many cases of criminals taking advantage of the new technology, and more will happen as the technology slowly spreads around the world. “Criminals will use any technology that can be used in the real world,” he said.
“Crypto is a fast, clear, cheap, and irreversible way to send money, but it can also do much more.” It just works, which is why it’s so popular for both legal and illegal uses, “Jakubcek” said.
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