Binance, the world’s largest cryptocurrency exchanges through the volume of trade, is the central part of a wider digital asset ecosystem. Thus, this is often located at the intersection of cybercriminals-with the lowest of the scenarios, to the notorious group of Lazarus sponsored by the state and authorized outfits.
Finding a focus in the focus has its drawbacks – especially against the backdrop of the growing main attractiveness and the adoption of cryptocurrencies. Nevertheless, Binance, according to the visible, retains its own quite well – according to the recent annual report, the security efforts of the platform managed to prevent losses of about $ 4.8 million for about $ 2.8 million only in 2024.
The 24-page report covers a wide range of topics related to exchange and a wide industry, but safety, obviously, was a priority. Finbold examined the report, sharing with him in exchange in order to attract readers, a digestible, summarized idea of the most important moments and events.
Inside Binance in 2024.
During the year, employees for compliance with funds in the exchange region increased to 650 employees in tandem with this number of regulation permits conducted by the platform to 21.
Binance was also created by the risk and conformity committee, the purpose of which is to control the structure of the company’s risk in order to make sure that it corresponds to both regulatory mandates and strategic purposes.
Cooperation with law enforcement agencies also became a priority – the training program in the law enforcement agencies of the exchange conducted 100 sessions around the world, which ended in the online event on April 19, which was attended by about 1300 law enforcement officials from 80 countries.
From the point of view of cooperation outside education and training, Binance responded to more than 64,800 law enforcement requests within a year.
While losses of 4.2 billion dollars. The United States represent an impressive figure, the restoration also in receipt – in 2024, the platform helped users restore about $ 88 million in funds that were inappropriate, lost or stolen.
Shown image through Shutterstock
