Binance CEO stuns the community with “secured cryptography for everyone.”

Richard Teng, the chief executive of Binance, who acquired the steering wheel for the platform of Changpeng Zhao (CZ), took him to his account on the X platform (formerly known as Twitter), and he was able to snatch up some of the following: We share important information with the Binance community.

Teng shared a link to a recently published Binance article on significant advances in the platform that helps the community reduce crime in the cryptocurrency space, and invited his followers to read it .

Last year, Binance helped prevent potential losses of over $4 billion in crypto space, according to the CEO. His tweet was entitled “It’s a secure code for everyone!”

Binance’s winning streak against Crypto Crime

The article states in 2024, according to Chain Orisis, that the overall illegal cryptocurrency trading volume fell to just 0.14%, meaning a significant decrease in crypto crime. Binance was one of the key contributors to its impressive outcome.

Thanks to aggressive prevention, stolen cryptography, and real-time risk management recovery (thanks to aggressive prevention, real-time risk management), the platform could potentially lose more than $4.2 billion last year. I was able to save the user.

The report also noted that despite a massive surge in Binance users, an influx of funds and the company’s market capitalization, the criminal transfers did not follow suit in the world’s largest exchange.

Recovering $9.1 million from stolen funds

In 2024, Binance made a massive investment in its compliance program, putting hundreds of millions of dollars in its. As a result, the 650 professional Binance team in the compliance field was able to secure 21 regulatory licenses worldwide.

Binance also revealed its efforts to proactively protect users from crypto and fraud. To succeed in that field, Binance launched its Risk Sniper Channel at Binance Square. BinanceSquare has published real-time alerts and warned users about high-risk wallets and links. Apart from that, however, this account was also an educational hub for helping users to recognize fraud, as they were simply the emergence of fraud.

As a result, Binance “recovered $9.1 million in funds for the victims of fraud and blacklisted 47,000 malicious addresses.”

Binance continues to improve its security and fraud prevention systems by investing in AI-driven risk management and partnerships around the world, increasing user protection and security standards.