NewsletterCrypto Assets To Be Safer On Binance With Ex-FBI Agent’s Role? Here’s Why
Amid growing instances of crypto-based fraudulent activities, top exchange Binance hired a new head of investigations for its U.S. arm. The company announced the appointment of former Federal Bureau of Investigation agent, BJ Kang, as its first Head of Investigations. Kang will focus on protecting users by partnering closely with law enforcement, regulators and industry peers, the company said. The new head of investigations will identify and mitigate criminal activity related to digital assets on the platform.
For A Safer Digital Asset Marketplace
Brian Shroder, CEO and president of Binance US, said the company had in the recent past made significant investments in our legal, regulatory, and compliance operations. He added that the new hiring will help Binance improve in becoming a safer digital asset marketplace for all Americans. Kang has been involved in various financial crime related cases during his tenure at FBI. He played a key role in the investigation and prosecution of some of the highest profile financial and cyber crime cases.
“BJ is one of the most respected and accomplished professionals in federal law enforcement, and has played a key role in the investigation and prosecution of some of the highest profile financial and cyber crime cases in this millennium.”
Binance’s Own Investigations Infrastructure
In an blog announcement, the company said Kang will help it build its own investigations infrastructure. Meanwhile, Kang said punishing bad actors will help in allowing the crypto ecosystem to continue to grow. He added that a Close coordination is needed between the crypto industry and relevant law enforcement agencies. “Binance.US is already a leader in working with law enforcement to establish a secure digital asset marketplace, and I look forward to using my experience to take those partnerships to the next level.”
Recently, the top crypto exchange experienced a $110 million hack on the Binance bridge. Following the hack, the Binance smart chain (BSC) network was temporarily suspended.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- BONK Scores Major Win as Team Adjusts Fee Structure to Boost DAT Purchases
- Kalshi, Robinhood and Crypto com Face Cease & Desist Order in Connecticut
- First Chainlink ETF Sees Massive Investor Activity with $41M in Inflows on Launch
- $12T Charles Schwab to Launch Bitcoin and Ethereum Trading in Early 2026, CEO Confirms
- Senator Tim Scott Floats December 17 and 18 For Crypto Market Bill Markup
- Dogecoin Price Holds $0.15: Bullish Reversal or Just a Temporary Bounce?
- Sui Price Surges 10% As Vanguard Group Adds SUI to Bitwise 10 Crypto Index
- Bitcoin Price Prediction: Will Next Bull Run Push BTC to $100,000?
- Pepe Coin Price Risks 80% Crash as Alarming Pattern Forms and 6.5T Inflows
- Chainlink Price Surges 20%: What’s Driving Massive Upswing?
- Solana Price Poised for 25% Rally as ETF Inflows Surge Past $650M
