Binance, the world's largest crypto exchange, has recovered or frozen over $73 million in user funds from external hacks in 2024, surpassing 2023's $55 million. About 80% of recoveries relate to external hacks, while 20% involve off-platform scams. Binance collaborates with industry players and the public sector to help users recover lost funds. The company emphasizes its proactive approach to enhancing crypto ecosystem security, especially during periods of market growth.
Binance, the world's largest crypto exchange, has recovered or frozen over $73 million in user funds from external hacks in 2024, surpassing 2023's $55 million. About 80% of recoveries relate to external hacks, while 20% involve off-platform scams. Binance collaborates with industry players and the public sector to help users recover lost funds. The company emphasizes its proactive approach to enhancing crypto ecosystem security, especially during periods of market growth.