In the 'CEO Connect: June Edition' AMA, Binance CEO Richard Teng addressed how to ensure the security of ordinary users' assets in the cryptocurrency industry. He stated that fraud is not an issue unique to the cryptocurrency industry. Binance has established a $1 billion SAFU emergency fund and monthly reserve proof reports, and actively collaborates with several external agencies. Meanwhile, Binance's anti-fraud prevention system can monitor and alert users of potential risks to their assets in real-time, effectively responding to evolving security threats.
Richard Teng also shared examples of Binance's collaboration with law enforcement agencies in the United States and Taiwan. He stated, 'Security requires multi-party collaboration, and Binance will continue to strive to make cryptocurrency assets safer and more accessible.'