BitcoinWorld

Crypto News News

Binance Recovers $73 Million In Stolen Crypto Funds, Surpasses $55M Recovered In 2023

Binance Recovers $73 Million In Stolen Crypto Funds, Surpasses $55M Recovered In 2023

Binance’s security team has recovered or frozen over $73 million in stolen crypto funds so far this year, surpassing the $55 million recovered in 2023. 

The crypto exchange noted that the vast majority of these recoveries and freezes i.e. approximately 80% are related to hacks, exploits, and thefts happening externally. 

The remaining 20% are associated with scams taking place outside the Binance platform. 

Binance’s Chief Security Officer highlighted the company’s commitment to user protection and improving the security of the crypto ecosystem, leveraging blockchain technology to track and recover stolen funds.

Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.