Binance’s security team has recovered over $73 million in user funds from external hacks as of July 31 this year, surpassing an approximately $55 million secured throughout 2023.
“Binance has cultivated a crypto user-focused culture that defines every aspect of our operations. This achievement underscores our unwavering dedication to protecting not just our users, but also enhancing the overall security of the cryptocurrency ecosystem,” Jimmy Su, Chief Security Officer at Binance, said.
“Market growth and volatility, as observed in recent months, often bring an influx of new investors who may be more susceptible to scams and hacks, and elevated prices during these periods can result in larger monetary losses,” he added.
Binance said it has been successful in helping users recover misplaced and lost digital funds, as well as freezing and clawing back ill-gotten funds should they make their…
