Binance Triumphs: US$73 Million recovered in 2024 cybercrime battle In 2024, one of the largest cryptocurrency exchanges in the world, Binance, managed to recover about US$73 million of the funds stolen. Of course, this is no mean achievement and speaks volumes about the strong commitment of Binance to security and the implementation of an active approach to cybercrime. This article analyzes the incident and other strong security features implemented by Binance, as well as the general implications for the cryptocurrency space. The Incident The hack happened earlier in the year, where thieves exploited vulnerabilities in various decentralized finance (DeFi) protocols…
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