Global cryptocurrency enforcement has soared as a wide-ranging crackdown by multinational corporations has used blockchain intelligence to directly attack illegal Internet Protocol Television (IPTV) piracy networks that have long profited from digital payments.
Binance, EU institution targets IPTV piracy network
Cryptocurrency exchange Binance announced on November 26 that it supported a cyber patrol by the European Union Law Enforcement Cooperation Agency and the European Union Intellectual Property Office. Cyber Patrol is a coordinated action involving more than 15 national law enforcement agencies to disrupt the financial operations that maintain illegal Internet Protocol Television (IPTV) piracy networks.
“Information indicates that cryptocurrencies have rapidly become a new payment method used by digital pirates,” Binance said, adding:
This operation marks a turning point in the way we fight piracy by cutting off the payment mechanisms that facilitate illegal services and striking at the heart of their business models.
The Intellectual Property Crime Coordination Coalition led the effort in collaboration with the European Union Intellectual Property Office, which carried out a coordinated investigative operation involving authorities from France, Germany, Italy, Spain, the Netherlands, Belgium, Sweden, Denmark, Portugal, Austria, Greece, Ireland, Poland, Romania, and the Czech Republic.
Industry contributors such as the Premier League, Ildeto, Audiovisual Anti-Piracy Alliance, Chainalysis, Maltego, and major crypto exchanges provided intelligence used to chart subscription funnels, reseller arrangements, laundering layers, and intermediary accounts associated with illegal Internet Protocol TV platforms.
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Binance said its investigators acted on alerts arising from Sprint and restricted accounts associated with copyright infringement-related flows. “This joint effort highlights the importance and power of public-private collaboration in tackling digital crime, which has been essential to our work at Binance. It also highlights how crime cannot easily hide on blockchain, where the pseudo-anonymity of cryptocurrencies makes it easier to expose illegal transactions than with cash or other payment methods. Digital pirates will quickly understand that cryptocurrencies make crime more difficult.” for them to hide. ”
Cyber Patrol identified 69 pirated domains, referred 25 IPTV services for disruption, initiated 44 additional investigations, and tracked approximately $55 million in cryptocurrencies. This result shows how blockchain transparency can counter criminal ecosystems and supports the argument that cryptocurrencies strengthen financial health.
FAQ ⏰
- What did Cyber Patrol target?
The attack targeted the financial streams that power illegal Internet Protocol Television (IPTV) piracy networks. - How much virtual currency did investigators track during the operation?
They tracked approximately $55 million in cryptocurrencies linked to piracy. - How has Binance contributed to law enforcement efforts?
Binance restricted accounts that received investigation alerts are linked to copyright infringement-related transactions. - How many pirated domains were identified?
Authorities discovered 69 domains connected to the IPTV piracy network.
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