Binance helped British police arrest cybercriminal who developed and sell scripts for phishing that targeted users of over 50 services. The scripts allowed to get sensitive data of users of those services, which was in turn to be sold on the dark web.
Binance chief compliance officer Samuel Lim said that they had worked with the Metropolitan Police Service’s Cyber Crime Unit in the investigation of a Bulgarian cybercriminal Svetoslav Donchev, 37, from the city of Pleven.
Around 500,000 people were targeted, a majority by email, with the criminals raking in £41.6 million (over $51 million) from their victims. Phishing scripts were embedded in clone websites of 53 legitimate U.K. companies and sent gathered data on users to a server controlled by the criminals.
Donchev was recently extradited to the UK. He stood trial at Southwark Crown Court in London and, after pleading guilty to five counts of fraud, he was handed nine years in prison.