As of July 31, 2024, Binance and its security team have successfully recovered and frozen more than $73 million that was lost in the hacker attack.
The amount recovered is a significant increase compared to the full year of 2023, which totaled approximately $55 million last year.
This achievement not only demonstrates Binance’s firm commitment to protecting user assets, but also serves as a strong proof of the effectiveness of Binance’s security measures.
Binance Security Achievements in 2024
According to Binance’s official news, through close collaboration with the public sector, they have ensured that affected users receive timely assistance. Up to 80% of the funds successfully recovered and frozen in 2024 were directly the result of external hacking, security vulnerabilities and thefts, while the remaining 20% involved fraud outside the Binance platform.