Binance announces the recovery of $73 million in stolen user funds in 2024, marking a significant achievement in its security operations.
Points
- Binance recovers or freezes $73 million in stolen funds in 2024.
- Surpasses 2023 achievements of recovering $55 million.
- Reflects Binance’s commitment to user security and market trust.
- Collaboration with industry players and proactive efforts.
Binance, the world’s largest cryptocurrency exchange by trading volume, has announced a significant milestone in its security operations, successfully reclaiming or securing over $73 million in stolen user funds in 2024. This achievement surpasses the $55 million recovered throughout 2023, reflecting Binance’s ongoing commitment to enhancing user security and market trust.
A Binance spokesperson emphasized the importance of a user-focused approach, stating, “By assisting in the recovery of misplaced and stolen funds for external parties, we not only protect our users but also enhance the overall trust and reliability of the digital asset space.”
Binance’s Chief Security Officer, Jimmy Su, highlighted the firm’s proactive efforts and collaboration with industry players and users to tackle security threats. The exchange’s comprehensive approach includes expanding third-party services to improve tracking and recovery of stolen funds.
Additionally, approximately 80% of the recovered funds were related to external hacks and exploits, while 20% were associated with scams outside the Binance platform. This milestone underscores Binance’s dedication to maintaining a secure and trustworthy environment for its users.
解説
- Binance’s recovery of $73 million in stolen funds demonstrates its strong security measures.
- Proactive efforts and industry collaboration are key to Binance’s success in fund recovery.
- Surpassing 2023 achievements highlights the exchange’s commitment to user security.
- The comprehensive approach enhances trust and reliability in the digital asset space.