According to Richard Teng, Binance collaborated with Philippine authorities to trace a $3.75 million crypto ransom, successfully identifying suspects and tracking cryptocurrency flows using their proprietary intelligence tools (source: @_RichardTeng via Twitter, June 13, 2025). This incident highlights Binance's role in improving security and transparency within the cryptocurrency market, offering traders increased confidence in the safety of digital asset transactions. Enhanced security measures and traceability may contribute to greater institutional participation and trading volume in the crypto sector.