Binance retrieves a staggering $73 million in stolen funds so far this year
CryptoNewsTerminal Staff08 Aug, 2024
Binance retrieves a staggering $73 million in stolen funds so far this year
Binance, the world's leading cryptocurrency exchange, has announced that it has retrieved $73 million in criminal funds so far this year, up 33% compared to the same period last year. This figure highlights Binance's ongoing commitment to combating financial crime and protecting its users. Of the recovered funds, 80% were stolen through hacking, while the remaining 20% were lost to scams. Binance's success in retrieving these funds is a testament to its advanced security measures and its collaboration with law enforcement agencies around the world. Binance's efforts to combat financial crime have been widely recognized and applauded. The company has been praised for its proactive approach to identifying and freezing illicit funds, as well as its willingness to share information with law enforcement. Binance's commitment to protecting its users has further solidified its position as a leader in the cryptocurrency industry.
