Binance announced that its security team has successfully recovered or frozen over $73 million in user funds stolen from external hacks as of July 31 this year.
This amount exceeds the approximately $55 million recovered in all of 2023.
About 80% of these funds are from external hacks and thefts, while the remaining 20% are from frauds outside the Binance platform.
Binance is actively collaborating with the public sector to assist affected users and is expanding its engagement with third parties to track and recover stolen funds.
The company emphasizes that the increase in recovered funds reflects its proactive security measures, and not an increase in criminal activity in the industry.
