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