Binance Honored by Singapore Police for Cybercrime Prevention Efforts – BitRss

In a significant acknowledgment of its efforts in combating cybercrime, Binance has been recognized by the Singapore Police Force (SPF) with an appreciation award. The award was presented at the annual Alliance of Public PrivAte Cybercrime sTakeholders (APPACT) networking dinner on March 11, 2025. This event brings together key industry players and law enforcement partners to address digital threats.

The APPACT Appreciation Awards celebrate private companies that have made substantial contributions to enhancing cyber defenses. Binance’s recognition underscores the critical role that industry leaders play in addressing emerging cybersecurity challenges and bolstering Singapore’s digital resilience.

Recognition of Strong Partnerships

During the event, Mr. Zhang Weihan, Acting Deputy Commissioner (Investigation & Intelligence) and Director of the Criminal Investigation Department (CID) of SPF, acknowledged the collective efforts of private sector stakeholders. He expressed gratitude to Binance and other industry partners for their contributions to cybercrime investigations.

Alongside Binance, 17 other prominent companies, including Google, Mastercard, Meta, Microsoft, and PayPal, were also honored with the award. This recognition highlights the importance of collaboration between public and private sectors in strengthening cybersecurity measures.

Commitment to a Safer Digital Ecosystem

Reflecting on the award, Akbar Akhtar, Binance’s Head of Investigations for APAC, emphasized the significance of collaboration in cybersecurity. He stated, “Receiving the APPACT Appreciation Award is an honor for Binance, and we are deeply grateful to the Singapore Police Force for recognizing our team’s efforts in combating cybercrime.” Akhtar highlighted Binance’s commitment to engaging with law enforcement agencies and industry players to create a secure digital environment.

This award follows a series of acknowledgments of Binance’s commitment to collaborative security in Southeast Asia and beyond. Recently, Thailand’s Central Investigation Bureau (CIB) recognized Binance’s support in Operation Cyber Guardian, an international crackdown on cybercriminal networks. Additionally, Binance received an appreciation medal from Indonesia’s Directorate of Cyber Crime for its contributions to cybercrime investigations.

Globally, Binance continues to play an active role in cybersecurity efforts. In 2024, Binance’s specialized teams responded to nearly 65,000 law enforcement requests worldwide, demonstrating its dedication to fostering a safer digital environment. As cyber threats evolve, Binance remains committed to working closely with public and private partners to enhance security and trust in the digital space.

For more information, visit the official announcement here.

Why This Matters: Impact, Industry Trends & Expert Insights

Binance has been recognized by the Singapore Police Force for its efforts in combating cybercrime, highlighting the importance of collaboration between public and private sectors in enhancing cybersecurity measures.

A recent industry report highlights that the global blockchain security market is projected to grow significantly, driven by the integration of emerging technologies like AI and IoT to enhance threat detection and data security. This aligns with Binance’s recognition, as it underscores the increasing need for robust cybersecurity measures in the crypto industry.

Expert insights suggest that crypto exchanges are leveraging advanced technologies such as artificial intelligence to detect and mitigate risks, and collaborating with cybersecurity firms to stay ahead of evolving threats. This supports Binance’s proactive role in enhancing cybersecurity and its commitment to creating a secure digital environment.

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