Binance recovers over $73 million stolen in hack

Binance has successfully recovered or frozen more than $73 million from external hacks this year, CryptoPotato reported on the 11th (local time).
This is on top of the total amount recovered in 2023, which was about $55 million. About 80% of the recovered funds were due to external hacking, exploitation and theft.
The remaining 20% were reported to be related to fraud occurring outside the Binance platform.
We have built a user-centric culture that plays a key role in all aspects of our operations. This achievement goes beyond simply protecting our users, and will contribute to the overall protection of the cryptocurrency ecosystem.
"This is the result of our steady efforts to strengthen our security," he said. "Binance's decision to expand our collaboration to include more third-party services will be a valuable asset in tracing and recovering the stolen funds."
"This has helped us achieve greater success," he added.