Binance recovered $73 million in stolen funds between January and July 2024

Binance announced on August 8, 2024, that it had recovered or frozen over $73 million in user funds from external hacks and stolen funds between January 1 and July 31, 2024.

Binance on X: "As of July 31, #Binance has secured over $73M in stolen user funds from external parties in 2024, surpassing the $55M secured in 2023! Through proactive efforts, we've recovered lost digital funds, with ~80% related to external exploits. 

These funds were primarily recovered from various hacks, scams, and exploits that occurred throughout the year.

This amount already surpasses the $55 million recovered throughout the entire 2023, reflecting Binance's increased focus on combating crypto-related crime.

These proactive efforts help Binance recovered lost digital funds, with about 80% related to external exploits.

The recovered assets include significant amounts linked to high-profile incidents like the hack of Ripple co-founder Chris Larsen's accounts and the BtcTurk hack​.

This recovery is part of Binance’s ongoing efforts to combat theft and secure assets against external exploits.