EddieJayonCrypto
29 May 25
Binance, the world's largest crypto exchange by trading volume, assisted Europol in Operation Stream, a global crackdown on the international pedophile platform Kidflix, which had nearly 1.8 million users. Kidflix monetized child sexual abuse material (CSAM) through cryptocurrency payments converted...
Binance collaborated with Europol in Operation Stream to dismantle Kidflix, an international child exploitation platform with 1.8 million users, by leveraging blockchain analysis to identify offenders.Kidflix monetized child abuse through cryptocurrency payments converted into internal tokens, allowing users to earn tokens by uploading and validating abusive content, effectively gamifying exploitation. Binance’s forensic tools were crucial in tracing these cryptocurrency payments permanently recorded on public blockchains.Europol provided Binance with a list of crypto wallets linked to Kidflix. Binance cross-referenced this data with its own records, identifying over 120 users connected to the platform.Europol emphasized that online child sexual exploitation is a societal issue with real victims, requiring collective action to protect children. The digital realm has enabled offenders to operate on a borderless scale, creating and exchanging abusive material with alarming ease.The cooperation between Europol and Binance, the world’s largest crypto exchange by trading volume, demonstrates the growing role of blockchain forensic investigations in combating online crimes and protecting vulnerable populations worldwide.