Digital assets firm Binance has expanded its Audit and Investigations team with the appointment of Nils Andersen-Röed from Europol where he served as a specialist on the Dark Web team.
As mentioned in the update from Binance, Nils will be tasked with focusing on conducting and leading internal and external investigations “with the purpose of identifying bad actors that attempt to commit crimes on Binance’s platforms and to protect users’ funds, as well as proactively supporting law enforcement agencies with their investigations.”
Nils’ appointment will aim to solidify an “already strong team of security specialists working hard to make sure Binance remains the most secure crypto ecosystem around,” the announcement from Binance noted.
Prior to his role at Europol, Nils had been working as the Project Leader of the Dark Web Unit of the Dutch National Police. He was also serving as the Project Leader of Operation Gravesac/Bayonet, “coordinating the takeover and takedown of the dark web marketplaces Hansa Market and Alphabay.”
As stated in the update:
“Together with colleagues around the world, Nils was instrumental in this global operation. During this action a huge amount of information regarding illicit trades was being gathered and shared with other law enforcement agencies which has led to many arrests around the globe and contributed greatly to cleaning up the crypto industry.”
Nils Andersen-Röed remarked:
“After many years working in law enforcement I am excited to tackle new challenges in the Binance Audit and Investigations team. Over the years I have learned that simply arresting criminals isn’t enough to combat crime, you also need to take a broader look at the whole ecosystem in which they are operating.”
He added that criminals and other bad actors will often try to misuse cryptocurrencies for illegal purposes, which can “have an impact on innocent participants of the whole industry.” He further noted that at Binance, he will be “in a position to keep the platforms and users safe from these bad actors while assisting law enforcement agencies around the world with their investigations and secure prosecutions.”
“My goal is to make the cryptocurrency industry (and Binance specifically) a safer place. International collaboration between the industry and law enforcement agencies is key, criminals don’t care about borders. Increased collaboration between the public and private sector will also be beneficial when it comes to fighting crime and making this industry a safer place for everyone.”
According to recent report from Bloomberg, the US Commodity Futures Trading Commission (CFTC) is looking into whether Binance has exploited its clients.
US probes into Binance Holdings Ltd. have reportedly expanded, with law enforcement officials now examining potential insider trading and market manipulation. This development confirms that Binance is being carefully investigated by US authorities and other regulators globally.
As part of the investigation, US officials are trying to determine if Binance or any of its team members have made returns from taking (illegal) advantage of its clients, according to sources familiar with the matter (and cited by Bloomberg).