#BinanceSafetyInsights#BinanceSafetyInsights Binance, a leading cryptocurrency exchange, has demonstrated a strong commitment to user security through various initiatives. In December 2023, it successfully passed the SOC 2 Type II audit, validating its robust system protection and data security measures. citeturn0search0 The company also received ISO 27001 and ISO 27701 certifications in mid-2023, further underscoring its dedication to information security governance and privacy management across multiple jurisdictions. citeturn0search4 In 2024, Binance's proactive security measures prevented over $4 billion in potential user losses from scams and fraud, highlighting its focus on safeguarding users. citeturn0search2 Additionally, Binance's internal audit efforts led to the recovery of $30 million in illicit gains and the termination of over 60 employees for non-compliance, reinforcing its commitment to maintaining a secure trading environment. citeturn0search1 These efforts collectively reflect Binance's ongoing dedication to enhancing security and protecting its users in the cryptocurrency space.
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