Cryptocurrency Exchange, Binance says that it is partnering with regulators and law enforcement agencies to launch an anti-scam campaign.
The firm, in a blog post, said that it has launched the Joint Anti-Scam Campaign in partnership with law enforcement agencies in Hong Kong.
This campaign seeks to ensure the security of our ecosystem and protecting the Binance community is at the core of what we do.
“We believe this healthy approach is the only way forward for crypto. As part of our commitment to keeping users safe, we recently launched the Joint Anti-Scam Campaign in partnership with law enforcement agencies across the globe.
“We started in Hong Kong, where we worked with the local police force to build a targeted alert and crime prevention message that included helpful tips, examples of the most common scams, and relevant resources and contacts.
“This message is sent to users based in Hong Kong when they initiate a withdrawal on Binance.
“So far, the project has achieved tremendous results.
“In the first four weeks since its launch, approximately 20.4% of users had either reconsidered the withdrawal or reviewed whether the transaction carried the risk of scam,” it said further.
The firm added that it was looking to cooperate with law enforcement agencies in other regions on the project.
“The Joint Anti-Scam Campaign complements our existing anti-crime and crime prevention initiatives worldwide, including general operational law enforcement assistance and the Global Law Enforcement Training Program that was announced last year, ” it added.