Binance's Role in Dismantling International Money Laundering Network

Binance Blog published a new article, highlighting its collaboration with the Royal Thai Police in dismantling a sophisticated international money-laundering network that utilized digital assets. The operation, named Operation Skyfall, led to the issuance of 28 arrest warrants and the seizure of assets totaling over 46 million THB (approximately $1.4 million). This case underscores the significance of public-private partnerships in combating transnational financial crime. With critical blockchain intelligence provided by Binance, the Royal Thai Police successfully dismantled a complex cross-border money laundering scheme that operated through digital assets. The investigation, codenamed Operation Skyfall, uncovered an international syndicate that laundered illicit funds through layered blockchain transactions. This effort resulted in 28 arrest warrants and the seizure of over THB 46 million (around $1.4 million) in cash and assets. Binance's Investigations team collaborated closely with the Royal Thai Police’s Technology Crime Suppression Division to trace and analyze blockchain activity linked to the syndicate. The intelligence gathered enabled authorities to track illicit fund flows across multiple jurisdictions and connect on-chain activity to identifiable criminal actors. At a press conference announcing the case, the Royal Thai Police detailed the network’s operational methods and outlined the investigative work that led to the takedown. Akbar Akhtar, Binance’s Head of Investigations (Asia-Pacific), attended the event, where the Royal Thai Police expressed their gratitude for Binance’s support. Col. Chitsanupong Waidee, Superintendent of the Technology Crime Suppression Division, emphasized that modern financial crimes require modern investigative approaches. He noted that the collaboration with Binance was instrumental in tracing complex cryptocurrency movements that traditional banking channels could not follow. Akbar Akhtar expressed pride in the joint efforts between Binance and the Royal Thai Police, highlighting the importance of public-private partnerships in safeguarding communities from sophisticated international fraud schemes. Operation Skyfall is the latest in a series of successful collaborations between Binance and Thai authorities, following previous operations such as Operation Fox Hunt, Operation Cyber Guardian, and Operation Trust No One. Each case reflects Binance’s long-term mission to support law enforcement through intelligence sharing, consultation, and specialized training. Globally, Binance has responded to over 241,000 law enforcement requests and delivered more than 400 training sessions to investigative agencies over the last eight years. Regional initiatives, such as the APAC Regional Law Enforcement Day, are part of Binance’s broader strategy to enhance investigative capabilities and strengthen trust in the digital-asset ecosystem. The results of Operation Skyfall demonstrate the impact of strong partnerships in dismantling transnational criminal networks. By working closely with authorities, Binance continues to ensure that the transparency of blockchain technology serves as a tool for justice, maintaining the safety of the digital asset industry for everyone.