During an Ask Me Anything (AMA) session on Twitter Spaces celebrating Binance’s 7th anniversary, CEO Richard Teng, highlighted Binance’s robust security measures and successful recovery efforts. He mentioned Binance's collaboration with BtcTurk in responding to a hack, where Binance's investigation led to the freezing of over $5.3 million in stolen funds. "Our security team has recovered $4.1 billion in deposits and bounty hunters. Binance invests heavily in security and 24/7 on-chain transaction monitoring. User security is our top priority."