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Binance Achieves Record Recovery of $73 Million in Stolen Funds ๐SAFU๐๐๐๐
Binance has recovered over $73 million in stolen funds by mid-2024, outpacing its 2023 efforts when it reclaimed $55 million.
Through enhanced security measures and collaborations with industry players, Binance has successfully tracked and recovered funds from external hacks and scams, safeguarding its users.
Around 80% of the recovered funds were linked to external exploits, while 20% were from scams outside the Binance platform. This milestone underscores Binance's commitment to user protection and trust in the growing digital asset space.
#KaleemsCryptoMehfilKCM #Write2Earn! #SAFU๐ #MarketDownturn #CryptoMarketMoves
Binance has recovered over $73 million in stolen funds by mid-2024, outpacing its 2023 efforts when it reclaimed $55 million.
Through enhanced security measures and collaborations with industry players, Binance has successfully tracked and recovered funds from external hacks and scams, safeguarding its users.
Around 80% of the recovered funds were linked to external exploits, while 20% were from scams outside the Binance platform. This milestone underscores Binance's commitment to user protection and trust in the growing digital asset space.
#KaleemsCryptoMehfilKCM #Write2Earn! #SAFU๐ #MarketDownturn #CryptoMarketMoves
What Is a Wallet Drain? 3 Tips to Keep Your Crypto Safe
WALLET DRAIN? NOBODY GOT TIME FOR THAT!
Cryptocurrency offers amazing opportunities, but it also comes with a pile of risks. One of the most significant ones is a wallet drainโa scam that can wipe out your digital assets in an instant.
Letโs take a closer look at what is a wallet drain, how it works, and most importantly, how you can protect yourself from becoming a victim.
Wallet Drain...
A wallet drain is a type of cybercrime where malicious software, known as a wallet drainer, targets cryptocurrency wallets. This malware is designed to automatically empty a victim's wallet by siphoning off all or most of their digital assets. ย
How Does It Work?
Wallet drainers typically operate by:
Phishing: Deceiving users into clicking on malicious links or downloading infected files. ย Malware: Infecting devices with software that steals wallet information. ย Exploiting vulnerabilities: Taking advantage of weaknesses in wallet software or cryptocurrency platforms.
Once a wallet drainer gains access to a victim's private keys or seed phrase, it can quickly transfer funds to the attacker's wallet. ย
Prevention Tips:
Strong Passwords: Use complex and unique passwords for your wallet and devices.Two-Factor Authentication (2FA): Enable 2FA for an extra layer of security. ย Beware of Phishing: Be cautious of suspicious emails, links, and downloads. ย Keep Software Updated: Regularly update your operating system, wallet software, and antivirus programs.Hardware Wallets: Consider using a hardware wallet for enhanced security.Backup: Regularly back up your wallet information securely.Never Share Your Seed Phrase:Your seed phrase is the master key to your crypto wallet. Never share it with anyone, not even with customer support. Legitimate services will never ask for your seed phrase. Always store it securely, offline, and in multiple locations.Double-Check URLs and Apps:
ConclusionWallet drains are a serious threat, but staying informed and taking proactive steps, you can greatly reduce your risk. Always be cautious with your private information, verify the legitimacy of the platforms you use, and implement strong security measures to protect your assets. Remember, in the world of crypto, security is always your top priority.
Thanks for reading and following guys! Stay safe and always DYOR. #airdropking #SAFU๐ #walletdrain #knowledge
Cryptocurrency offers amazing opportunities, but it also comes with a pile of risks. One of the most significant ones is a wallet drainโa scam that can wipe out your digital assets in an instant.
Letโs take a closer look at what is a wallet drain, how it works, and most importantly, how you can protect yourself from becoming a victim.
Wallet Drain...
A wallet drain is a type of cybercrime where malicious software, known as a wallet drainer, targets cryptocurrency wallets. This malware is designed to automatically empty a victim's wallet by siphoning off all or most of their digital assets. ย
How Does It Work?
Wallet drainers typically operate by:
Phishing: Deceiving users into clicking on malicious links or downloading infected files. ย Malware: Infecting devices with software that steals wallet information. ย Exploiting vulnerabilities: Taking advantage of weaknesses in wallet software or cryptocurrency platforms.
Once a wallet drainer gains access to a victim's private keys or seed phrase, it can quickly transfer funds to the attacker's wallet. ย
Prevention Tips:
Strong Passwords: Use complex and unique passwords for your wallet and devices.Two-Factor Authentication (2FA): Enable 2FA for an extra layer of security. ย Beware of Phishing: Be cautious of suspicious emails, links, and downloads. ย Keep Software Updated: Regularly update your operating system, wallet software, and antivirus programs.Hardware Wallets: Consider using a hardware wallet for enhanced security.Backup: Regularly back up your wallet information securely.Never Share Your Seed Phrase:Your seed phrase is the master key to your crypto wallet. Never share it with anyone, not even with customer support. Legitimate services will never ask for your seed phrase. Always store it securely, offline, and in multiple locations.Double-Check URLs and Apps:
ConclusionWallet drains are a serious threat, but staying informed and taking proactive steps, you can greatly reduce your risk. Always be cautious with your private information, verify the legitimacy of the platforms you use, and implement strong security measures to protect your assets. Remember, in the world of crypto, security is always your top priority.
Thanks for reading and following guys! Stay safe and always DYOR. #airdropking #SAFU๐ #walletdrain #knowledge
#NOT๐ฅ๐ฅ๐ฅ 0.0121 soon you will see notcoin trading above 0.020 #Notcoinnews #notcoinprediction
my next post will be notcoin Algorithm technical analysis.
Stay tuned! don't skip without following me. stay#SAFU๐ #Dyor2024 before investing
my next post will be notcoin Algorithm technical analysis.
Stay tuned! don't skip without following me. stay#SAFU๐ #Dyor2024 before investing
Well well well. Happy Monday dear #binancians
I want to share with you the small portfolio I made since January 2024. Despite today's #MarketDownturn and liquidation on Futures Trading, I am still alive. As long as I don't do panic selling, I'm all good for the next Market Upturn.
The hardest thing now is "TO DO NOTHING" so I suggest setting your sell limit orders where you wish to close your positions in PROFIT and close all charts. I am going to touch some GRASS today and do some other activities.
For those who still have some funds and weren't impacted by this market drop, this is a great OPPORTUNITY to purchase your favourite Altcoins at a great discount. Keep in mind that it may drop more so be ready to buy more to average your entry price.
In my opinion, one person who made a speech last week and said "NEVER SELL YOUR $BTC " triggered this whole sell-off along with the mysterious movement of US government BTC holdings to the unknown wallet. But all this is to make you Fear instead of USE the CHANCE.
Recession or not, the market always does what's needed to reset itself before new highs. Do you remember COVID drop, the LUNA crash, FTX crash??? All those events were to make us afraid of buying and WHAT WE SAW NEXT? Great pumps and returns and ATHs.
Closing thoughts: no matter where the market is, as long as you have a strategy, don't change it in the middle of the way. Sit tight and wait patiently.
As ALWAYS, none of the written above is financial advice. #DYOR and stay #SAFU๐
I want to share with you the small portfolio I made since January 2024. Despite today's #MarketDownturn and liquidation on Futures Trading, I am still alive. As long as I don't do panic selling, I'm all good for the next Market Upturn.
The hardest thing now is "TO DO NOTHING" so I suggest setting your sell limit orders where you wish to close your positions in PROFIT and close all charts. I am going to touch some GRASS today and do some other activities.
For those who still have some funds and weren't impacted by this market drop, this is a great OPPORTUNITY to purchase your favourite Altcoins at a great discount. Keep in mind that it may drop more so be ready to buy more to average your entry price.
In my opinion, one person who made a speech last week and said "NEVER SELL YOUR $BTC " triggered this whole sell-off along with the mysterious movement of US government BTC holdings to the unknown wallet. But all this is to make you Fear instead of USE the CHANCE.
Recession or not, the market always does what's needed to reset itself before new highs. Do you remember COVID drop, the LUNA crash, FTX crash??? All those events were to make us afraid of buying and WHAT WE SAW NEXT? Great pumps and returns and ATHs.
Closing thoughts: no matter where the market is, as long as you have a strategy, don't change it in the middle of the way. Sit tight and wait patiently.
As ALWAYS, none of the written above is financial advice. #DYOR and stay #SAFU๐
SAFU: Keeping Your Funds Secure
At Binance, we understand the importance of security. That's why we've created the Secure Asset Fund for Users (SAFU), a dedicated fund that protects users' funds in the event of a security breach.
What is SAFU?
SAFU is a fund that is funded by 10% of all trading fees on Binance. The fund is used to reimburse users for losses incurred in the event of a security breach.
How does SAFU work?
In the event of a security breach, Binance will use SAFU funds to reimburse affected users for their losses. The amount of reimbursement will be determined by the severity of the breach and the losses incurred by users.
What does SAFU mean for you?
SAFU means that you can be confident that your funds are safe on Binance. We are committed to providing a secure platform for all of our users, and SAFU is just one of the many ways we do that.
Here are some additional tips for keeping your funds safe on Binance:
1- Use a strong password and two-factor authentication.
2- Never share your password or two-factor authentication codes with anyone.
3- Be careful about clicking on links in emails or messages.
4- Only store your cryptocurrency on Binance if you are actively trading or using it for other purposes.
5- Withdraw your cryptocurrency to a secure wallet if you are not actively using it.
By following these tips, you can help to keep your funds safe on Binance and enjoy all the benefits of using our platform.
Remember, SAFU is just one part of our commitment to security. We are constantly working to improve our security measures to protect your funds.
Thank you for choosing Binance!
#SAFU๐ #BinanceCEO #security๐
At Binance, we understand the importance of security. That's why we've created the Secure Asset Fund for Users (SAFU), a dedicated fund that protects users' funds in the event of a security breach.
What is SAFU?
SAFU is a fund that is funded by 10% of all trading fees on Binance. The fund is used to reimburse users for losses incurred in the event of a security breach.
How does SAFU work?
In the event of a security breach, Binance will use SAFU funds to reimburse affected users for their losses. The amount of reimbursement will be determined by the severity of the breach and the losses incurred by users.
What does SAFU mean for you?
SAFU means that you can be confident that your funds are safe on Binance. We are committed to providing a secure platform for all of our users, and SAFU is just one of the many ways we do that.
Here are some additional tips for keeping your funds safe on Binance:
1- Use a strong password and two-factor authentication.
2- Never share your password or two-factor authentication codes with anyone.
3- Be careful about clicking on links in emails or messages.
4- Only store your cryptocurrency on Binance if you are actively trading or using it for other purposes.
5- Withdraw your cryptocurrency to a secure wallet if you are not actively using it.
By following these tips, you can help to keep your funds safe on Binance and enjoy all the benefits of using our platform.
Remember, SAFU is just one part of our commitment to security. We are constantly working to improve our security measures to protect your funds.
Thank you for choosing Binance!
#SAFU๐ #BinanceCEO #security๐
Binance, the world's largest cryptocurrency exchange, has converted its $1 billion Safe Asset Fund for Users (SAFU) to USDC stablecoin, aiming to gain user trust and comply with regulatory requirements. Around three percent of the USDC in circulation is attributable to the SAFU conversion. Binance is reorganizing its operations to conform with the country's legislation as part of its ongoing discussions to return to the Indian market. After settling a $2 million fine and getting in line with the country's Financial Intelligence Unit (FIU) regulations, including the Prevention of Money Laundering Act (PMLA) and the crypto taxation framework, Binance is planning to return to India. Before its interim suspension for non-compliance, Binance was a major player in India's cryptocurrency scene, with Indian investors owning around $3.6 billion in crypto assets on the site. Binance's Dubai license allowed it to serve a wider range of customers, including individual investors. To comply with regulations, Binance co-founder Changpeng Zhao has made significant concessions in governance, including giving up ownership of Binance FZE, an organization domiciled in Dubai.
#SAFU๐ #USDC #BinanceACGroup
#SAFU๐ #USDC #BinanceACGroup
๐๏ธ The KyberSwap hacker left a message to developers, employees, DAO members and LPs in the transaction.
''Negotiations will start in a few hours when I am fully rested''.
#KyberSwap #SAFU๐
''Negotiations will start in a few hours when I am fully rested''.
#KyberSwap #SAFU๐
#SEIUSDT Entry: Current Market 25x LONG
๐ Long Trade, so the Final TP is 0.2833
๐ Stoploss: 2389
๐ผ Use 3-5% of your Portfolio
The SEI is gonna Boom! ๐๐๐ฐ
Remember, trading involves risks. Regularly monitor the trade and adjust parameters based on your risk tolerance and strategy.
This information is not financial advice. Conduct thorough research or consult with a financial advisor before making trading decisions. ๐๐ก๐ $SEI $BTC $BNB #SAFU๐ #Web3Wallet #BinanceSquare #MS_CryptoX
๐ Long Trade, so the Final TP is 0.2833
๐ Stoploss: 2389
๐ผ Use 3-5% of your Portfolio
The SEI is gonna Boom! ๐๐๐ฐ
Remember, trading involves risks. Regularly monitor the trade and adjust parameters based on your risk tolerance and strategy.
This information is not financial advice. Conduct thorough research or consult with a financial advisor before making trading decisions. ๐๐ก๐ $SEI $BTC $BNB #SAFU๐ #Web3Wallet #BinanceSquare #MS_CryptoX
#ACE made a wild bullish move earlier which took it to 3000% which i believe it is too early for a newbie i won't recommend myself to make buying decisions which you regret it later if you intend to buy wait and take a look at previous launched newbies ... some of these never made to early highs for years.. #dyor and stay #SAFU๐ just look at MOD and what we can learn hit 3$ now creeping at 0.09 and not many exchanges support it we saw #FTT fate... and this was fate of many projects on blockchain...therefore, keep your emotions aside, avoid emotional decisions when it comes to trading crypto -be patient..
A wise man once said be bullish when markets are down and be bearish when they are up .. seems simple not easy though when one sees such surges they forget somebody else made money and they want you there to buy it... Have a nice day hope it helps in your decision making ..
A wise man once said be bullish when markets are down and be bearish when they are up .. seems simple not easy though when one sees such surges they forget somebody else made money and they want you there to buy it... Have a nice day hope it helps in your decision making ..
๐๐ฒ ๐๐ข๐๐๐จ ๐๐๐ฆ๐ ๐๐๐๐จ๐ง๐ & ๐๐จ๐ง $300 ๐๐๐ฐ๐๐ซ๐๐ฌ ๐๐ง ๐๐ข๐ง๐๐ง๐๐ ๐๐ข๐๐๐จ ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐จ๐ง (๐๐๐ซ๐'๐ฌ ๐๐ก๐๐ญ ๐๐จ๐ฎ ๐๐ก๐จ๐ฎ๐ฅ๐ ๐๐ง๐จ๐ฐ)
The Video
Screenshot Attached Is
My Best Video Of This Year
Made To Enter Binance Video
Competition On Why #CryptoIsBetter
with Binance as a Binance Affiliate presently.
Before you continue...
Tap on my profile icon and follow me then share this post to help me get to 1K followers to support my work. Thank you fren.๐๐
I spent approximately a week on this project with full attention dedicated to it because....
I had won Binance Video Competition before, the video I made back then for my entry into the Binance Peer-To-Peer (P2P) competition in 2021 was part of the TOP 3 in the
world and then got $300 as a
reward for that efforts put
into teaching others
what I knew about
Binance then.
A reason I
decided
to do it
again
this
year!
So, this is one of the ways you can also make
money in Crypto doing what you love either
as a Beginner or Degen in this Crypto or Web3 space without trading assets.
Educating Beginners on Crypto is what I love
doing and entering competitions like this is
a BONUS to Creators like us who put in
the time to teach others what we
know and I think we should
thank Binance for their
thoughtful ideas and
also encourage
more events
like this in
our own
projects
too in
web3.
This will give more opportunities to people to
make money and have hope that they can
make money even while trying to do what
they love in the Crypto/Web3 space.
In what similar way have you made money in
Crypto without trading assets?
Share it with me in the comment section.
Did you enjoy this content?
Then follow me now to stay updated.
PS: Share this post so it can get to others.
ยฉ๏ธ Michael Akerele (#AwesomeMike)
#SAFU๐
#BTC
#Web3Wallet
#Web3ForAll
#HDLifeCommunity
The Video
Screenshot Attached Is
My Best Video Of This Year
Made To Enter Binance Video
Competition On Why #CryptoIsBetter
with Binance as a Binance Affiliate presently.
Before you continue...
Tap on my profile icon and follow me then share this post to help me get to 1K followers to support my work. Thank you fren.๐๐
I spent approximately a week on this project with full attention dedicated to it because....
I had won Binance Video Competition before, the video I made back then for my entry into the Binance Peer-To-Peer (P2P) competition in 2021 was part of the TOP 3 in the
world and then got $300 as a
reward for that efforts put
into teaching others
what I knew about
Binance then.
A reason I
decided
to do it
again
this
year!
So, this is one of the ways you can also make
money in Crypto doing what you love either
as a Beginner or Degen in this Crypto or Web3 space without trading assets.
Educating Beginners on Crypto is what I love
doing and entering competitions like this is
a BONUS to Creators like us who put in
the time to teach others what we
know and I think we should
thank Binance for their
thoughtful ideas and
also encourage
more events
like this in
our own
projects
too in
web3.
This will give more opportunities to people to
make money and have hope that they can
make money even while trying to do what
they love in the Crypto/Web3 space.
In what similar way have you made money in
Crypto without trading assets?
Share it with me in the comment section.
Did you enjoy this content?
Then follow me now to stay updated.
PS: Share this post so it can get to others.
ยฉ๏ธ Michael Akerele (#AwesomeMike)
#SAFU๐
#BTC
#Web3Wallet
#Web3ForAll
#HDLifeCommunity
Let's share my Premium Signals result before I have got some profit from the trade #JTOUSDT. You guys are invited to my profile to follow me and share my posts with your friends and family. ๐ You guys are invited to #MS_CryptoX for good results and Premium Signals. Don't forget to drop a comment and like, please. ๐๐ป๐๐ก
Thank you for sharing your insights! If you have any questions or need further assistance, feel free to ask. ๐๐๐ฐ$BTC $JTO $SEI #SAFU๐ #BinanceTournament #ETH #ftx
Thank you for sharing your insights! If you have any questions or need further assistance, feel free to ask. ๐๐๐ฐ$BTC $JTO $SEI #SAFU๐ #BinanceTournament #ETH #ftx
๐ Top 4 coins today: BIGTIME, TIA, BEAMX, IOTA
All of them were successfully predicted, as always โ
BIGTIME sculpted a 955% gain ๐ฅ
TIA +435%
BEAMX +304%
IOTA +205%
*universal settings (regular Prediction)
Crushing the markets! ๐
๐ฉ @Osmy_CryptoZ
#Osmy_CryptoZ #Topsoon #dyor #BinanceTournament #SAFU๐
All of them were successfully predicted, as always โ
BIGTIME sculpted a 955% gain ๐ฅ
TIA +435%
BEAMX +304%
IOTA +205%
*universal settings (regular Prediction)
Crushing the markets! ๐
๐ฉ @Osmy_CryptoZ
#Osmy_CryptoZ #Topsoon #dyor #BinanceTournament #SAFU๐
IOTAUSDT Entry: Current Market 25x SHORT
๐ the Final TP is 0.2700 ๐ฏ
๐ Stoploss: 0.3135
๐ผ Use 3-5% of your Portfolio
The IOTA is gonna DUMP! ๐๐๐ฐ
Remember, trading involves risks. Regularly monitor the trade and adjust parameters based on your risk tolerance and strategy.
This information is not financial advice. Conduct thorough research or consult with a financial advisor before making trading decisions. ๐๐ก๐
$BTC $IOTA $SEI ๐ฌ #MS_CryptoX #MS #SAFU๐ #BinanceTournament
๐ the Final TP is 0.2700 ๐ฏ
๐ Stoploss: 0.3135
๐ผ Use 3-5% of your Portfolio
The IOTA is gonna DUMP! ๐๐๐ฐ
Remember, trading involves risks. Regularly monitor the trade and adjust parameters based on your risk tolerance and strategy.
This information is not financial advice. Conduct thorough research or consult with a financial advisor before making trading decisions. ๐๐ก๐
$BTC $IOTA $SEI ๐ฌ #MS_CryptoX #MS #SAFU๐ #BinanceTournament
