July 16, 2024

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Binance.US, the American arm of the Binance cryptocurrency exchange has announced the appointment of BJ Kang as its Head of Investigations as it seeks to expand its role in tackling crimes related to cryptocurrencies

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As contained in a Blog Post shared by the trading platform, BJ Kang has served in his professional career with the United States Federal Bureau of Investigations (FBI), helping to uncover the most complex crimes relating to insider trading and the digital currency ecosystem.

 

For his decades of experience, BJ Kang has helped solve numerous cases in conjunction with other government agencies, making him a professional with very wide access to key organizations in the government. 

 

In his role at Binance.US, Kang will “help lead and oversee all aspects of Binance.US’ commitment to protecting users by partnering closely with law enforcement, regulators and industry peers – along with building Binance.US’ own investigations infrastructure – to identify and mitigate criminal activity related to digital assets on the platform as the company continues to strengthen its legal, compliance and risk functions.”

 

Binance has always played a pivotal role in policing the crypto ecosystem and has contributed its quota to mitigating risks and crimes in the industry. In one of its most direct efforts, the exchange’s parent company helped Axie Infinity’s Ronin Bridge to recover the sum of $5.8 million that was looted when the protocol was hacked by the Lazarus Group from North Korea.

 

By onboarding Kang with his wealth of experience, Binance can easily do more to fight crime across the board in the industry by leveraging his network with law enforcement agencies. 

 

“Close coordination between the crypto industry and relevant law enforcement agencies to identify and punish bad actors is required to increase trust and enable the crypto ecosystem to continue to grow. 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,” said Kang.

Image source: Shutterstock

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