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Binance News: Binance Helps Recover $6.1M in Stolen Funds After KiloEx Exploit

90% of Stolen Crypto Recovered Through Rapid Response and Cross-Chain CoordinationBinance announced today that it successfully helped trace, block, and recover approximately $6.1 million worth of crypto assets following the recent exploit targeting decentralized exchange platform KiloEx.The quick response involved a coordinated effort across the Binance security teams, BNB Chain ecosystem partners, cross-chain bridge providers, and law enforcement agencies, resulting in the recovery of about 90% of the stolen assets.Overview of the KiloEx ExploitOn April 15, 2025, KiloEx suffered a sophisticated price manipulation attack exploiting vulnerabilities in its price oracle system.The attacker manipulated price feeds using a wallet funded via Tornado Cash, an anonymizing service.By exploiting cross-chain structures across Base, BNB Chain, and Taiko, the hacker withdrew artificially inflated profits, draining an estimated $8.44 million.Binance's Response TimelineWithin 30 minutes of the incident being flagged by the community, Binance security teams activated an emergency protocol.The team immediately traced suspicious wallet addresses and blacklisted them internally to block any further fund movements.Cross-chain bridge providers were contacted to restrict hacker activity across multiple networks.On-chain forensic analysis combined open-source and proprietary tools to track and build a behavioral profile of the attacker.Recovery Efforts and ResolutionWith strong evidence gathered, Binance and KiloEx initiated targeted communications with the attacker via on-chain messages, simultaneously filing a report with law enforcement.After 24 hours of negotiation efforts, the attacker agreed to return 90% of the stolen funds in exchange for a 10% white-hat bounty and a cease of further legal action.Binance highlighted that ecosystem-wide collaboration, swift technical analysis, and law enforcement pressure were crucial to this successful recovery.Broader ImplicationsThe KiloEx incident underscores the growing sophistication of cross-chain exploits but also demonstrates the maturing resilience of the crypto ecosystem through real-time collaboration between centralized exchanges, DeFi platforms, and regulatory authorities.Binance reaffirmed its commitment to protecting users and maintaining trust across Web3 platforms by responding swiftly to security incidents.
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Binance Expands Support for Sign (SIGN) Across Earn, Convert, Margin, and Futures

Trading Begins April 28 With Up to 75x Leverage on SIGN FuturesBinance has announced the expansion of support for Sign (SIGN) across multiple product offerings, including Simple Earn, Buy Crypto, Binance Convert, Margin Trading, and Futures.The listing will roll out on April 28, 2025, alongside the launch of the USDⓈ-M SIGNUSDT Perpetual Contract, offering leverage of up to 75x.Key Details for Sign (SIGN) ListingFeatureDetailsEarn Launch TimeApril 28, 2025, 11:00 UTCMargin Listing TimeApril 28, 2025, 11:20 UTCFutures Launch TimeApril 28, 2025, 11:00 UTCAvailable on Buy CryptoWithin one hour after Spot listingAvailable on ConvertWithin one hour after Spot listingBinance Simple EarnSIGN Flexible Products will be available for subscription starting April 28, 11:00 UTC.Buy & Sell CryptoUsers can purchase SIGN using Visa, MasterCard, Google Pay, Apple Pay, and Revolut, or trade with their Binance account balances.Binance ConvertSIGN will be available for zero-fee conversions against BTC, USDT, and other tokens.Binance MarginSIGN will be added as a borrowable asset on both Cross Margin and Isolated Margin.Trading pairs available: SIGN/USDT and SIGN/USDC.Binance FuturesUSDⓈ-M SIGNUSDT Perpetual Contract:Leverage: Up to 75xSettlement Asset: USDTFunding Rate: Capped at +2.00% / -2.00%, with funding settlements every four hoursTrading Hours: 24/7Multi-Assets Mode: Supported
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Binance to Launch New Spot Trading Bots for FET/USDC and RENDER/USDC Pairs on April 29

Expansion Aims to Enhance Trading Flexibility Through Spot Grid and Spot DCA StrategiesBinance has announced the expansion of its Spot Trading Bots services with the addition of new trading pairs, effective April 29, 2025, at 08:00 UTC.The FET/USDC and RENDER/USDC pairs will become available for both Spot Grid and Spot Dollar-Cost Averaging (DCA) strategies. The move is aimed at offering users more automated trading options and enhancing the overall Spot trading experience.Details of New Trading Bots ServicesFeatureDetailsLaunch DateApril 29, 2025, 08:00 UTCTrading Bots EnabledSpot Grid and Spot DCANew Trading PairsFET/USDC and RENDER/USDCBinance users will be able to automate their trading strategies on these pairs, choosing between grid trading — ideal for capturing market volatility — or DCA — suited for systematic investment over time.Important Eligibility InformationTrading of these new pairs is subject to regional eligibility. Users must complete account verification to access the new trading services.Currently, residents of the following countries and regions are restricted from trading these pairs:CanadaCubaCrimea RegionIranNetherlandsNorth KoreaSyriaUnited States and its territories (American Samoa, Guam, Puerto Rico, Northern Mariana Islands, U.S. Virgin Islands)Non-government controlled areas of UkraineBinance noted that the list of restricted jurisdictions may be updated periodically based on changes in legal and regulatory frameworks.
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Binance Futures Adjusts Funding Rate Settlement Frequency for USDⓈ-M Perpetual Contracts

According to Binance's official announcement, effective from 2025-05-02 08:00 (UTC), Binance Futures will modify the funding rate settlement frequency for USDⓈ-M Perpetual Contracts. This adjustment aims to enhance user experience by aligning the settlement frequency with market conditions.Adjustment Details- The funding rate settlement frequency will change from every eight or four hours to every one hour if the previous funding rate settlement reaches the funding rate cap/floor.- For instance, the USDⓈ-M BTCUSDT perpetual contract, with a funding rate cap/floor of +0.3% / -0.3%, will see its settlement frequency adjusted to every one hour if the rate hits these limits.- The adjustment will be implemented approximately 15 minutes after the previous funding rate settlement reaches the cap/floor.Understanding Funding Rates- Funding rates are crucial for aligning the price of perpetual contracts with the underlying asset's spot market price.- These rates are exchanged directly between traders, with long-position holders paying short-position holders when the rate is positive, and vice versa.- The rates are influenced by market conditions, typically lower during low volatility and potentially reaching maximum levels during high volatility.- Users are advised to monitor their positions and collateral closely to avoid margin calls and liquidations.Exceptions and Additional Information- The USDⓈ-M FLMUSDT perpetual contract will maintain a funding rate settlement frequency of every two hours until further notice.- USDⓈ-M VOXELUSDT and ALPACAUSDT contracts will continue with a one-hour frequency, subject to future changes.- Users can access real-time funding rate information and history through Binance's platform or via API endpoints.This adjustment reflects Binance's commitment to optimizing its services in response to market dynamics, ensuring a seamless trading experience for its users. Further announcements will be made if additional changes are implemented.
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Binance to List Sign (SIGN) and Launch HODLer Airdrops for BNB Subscribers

Trading Set for April 28, With Retroactive Rewards for Simple Earn UsersBinance has announced that Sign (SIGN), a project focused on global credential verification and token distributions, will be listed as the 16th project on the HODLer Airdrops page. Spot trading for SIGN is scheduled to commence on April 28, 2025, at 11:00 UTC.Eligible users who subscribed BNB to Simple Earn (Flexible or Locked) and/or On-Chain Yields products between April 15, 00:00 UTC and April 19, 23:59 UTC will receive SIGN airdrops based on their historical BNB holdings.Trading and Airdrop DetailsSpot Trading Pairs: SIGN/USDT, SIGN/USDC, SIGN/BNB, SIGN/FDUSD, and SIGN/TRYSpot Trading Launch: April 28, 11:00 UTCAirdrop Distribution: Tokens will be deposited into users' Spot Accounts at least one hour before spot trading begins.Seed Tag Applied: Due to the project's early-stage naturePrior to the spot launch, SIGN will be available for trading on Binance Alpha starting April 28 at 10:00 UTC. After the main spot market listing, SIGN will no longer be showcased on Binance Alpha.Tokenomics OverviewToken Name: Sign (SIGN)Genesis Total Supply: 10,000,000,000 SIGNCirculating Supply at Listing: 1,200,000,000 SIGN (12% of total supply)HODLer Airdrops Allocation: 200,000,000 SIGN (2.00% of total supply)Future Marketing Allocation: 150,000,000 SIGN (1.50% of total supply, released 3 months post-listing)Network: EthereumSmart Contract Address: 0x868FCEd65edBF0056c4163515dD840e9f287A4c3Listing Fee: 0A detailed research report on SIGN will be available within 24 hours of this announcement.
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Binance Rolls Out Five New Features for Spot Copy Trading

Platform Adds Auto-Invest, Mock Copy Trading, and Expanded Transparency ToolsBinance has introduced five new features to its Spot Copy Trading platform, aiming to enhance user control, transparency, and accessibility. The update comes as copy trading continues to gain traction, particularly among newer participants in the crypto market.According to Binance, the number of Spot Copy Trading portfolios has grown more than 52 times over the past year, as users increasingly look to replicate the strategies of more experienced traders.New Features IntroducedAuto-Invest IntegrationThe new Auto-Invest feature allows users to automatically copy trades from selected Lead Traders. Users can set parameters such as investment amount, copy frequency, and stop-loss thresholds. Once configured, trades are mirrored automatically without the need for manual input.Lead Trader Comparison ToolA comparison tool has also been added, allowing users to evaluate Lead Traders based on a range of metrics including return on investment (ROI), win rate, total profit and loss, and number of current followers. The tool is intended to help users make more informed decisions when selecting portfolios to copy.Mock Copy TradingTo support risk-free learning, Binance now offers Mock Spot Copy Trading, enabling users to simulate trades using virtual funds. Up to 10 mock portfolios can be tracked simultaneously. While these portfolios do not involve real assets, users can observe how strategies perform in real time.Order TransparencyA new Failed Orders tab has been added to improve transparency. In addition to active and completed trades, users will now be able to see which trades did not execute and why, giving more visibility into overall portfolio performance.Private Portfolios for Lead TradersBinance has also introduced the option for Lead Traders to create invite-only portfolios. This allows them to restrict access to certain trading strategies, which may be useful for those managing private communities or offering premium trading content.
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Binance Investigates Scam Reports Linked to Fraudulent Wallet Platform

Hashdit Flags Victim Activity Involving Suspicious Address and Deceptive PromotionsBinance is actively investigating reports of a scam involving a fraudulent wallet platform following alerts from on-chain security firm Hashdit, which identified victims who unknowingly transferred USDT to a suspicious address.According to reports shared with Binance, victims were targeted through text messages containing links to a fake gaming platform that falsely promised 3% bonus returns for USDT deposits. Once deposited, users were unable to withdraw their funds without playing platform-based games — which appeared engineered to be unwinnable.The wallet address identified in this case is:TBdhDN5DQc415YDDuzKnzr3oywjfqxdvJYHashdit's analysis indicates that users were instructed by fraudulent actors, often posing as representatives of the platform or through call center-style interactions, to deposit funds into this address under the false pretense of unlocking bonuses or earnings.Binance's Ongoing Response and User SupportBinance’s internal security and compliance teams are conducting a thorough review of activity related to the flagged address. By its user protection protocols, accounts involved in suspected scam interactions may be temporarily restricted while investigations are underway.Users who may have interacted with the platform or the identified wallet address are strongly encouraged to:Report the incident to the Binance Support CenterInclude transaction hashes, wallet addresses, and any related screenshotsAvoid further interaction with unsolicited links or unverified third-party platformsStay Vigilant Against ScamsBinance reminds users to take extra precautions when approached with offers from unknown sources. To protect your assets:Do not send funds to wallet addresses promoted through unofficial or unsolicited messagesAvoid platforms promising guaranteed returns or gaming-based withdrawal mechanismsVerify promotions through official Binance channels only
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