#BinanceTournament #CertiKvsKraken #CryptoTradingGuide š£ Binance CEO Richard Teng Affirms Binanceās Support To BtcTurk Amid Recent Hack
Binance has taken swift action in freezing over $5.3 million in stolen funds linked to the recent BtcTurk cyberattack. Collaborative efforts between the exchanges aim to mitigate losses and enhance security measures for cryptocurrency users.
Binance CEO,Ā #RichardTeng has reaffirmed the exchangeās commitment to bolstering security measures and protecting user funds in the wake of the recent hack targeting BtcTurk. In a decisive move, Binance has frozen stolen funds that transited through its centralized exchange, demonstrating proactive steps to mitigate the impact on affected users. Tengās statement underscores Binanceās proactive stance in safeguarding the integrity of the crypto ecosystem amidst evolving cybersecurity challenges.
šø Binanceās Commitment to Security and Support for BtcTurk
Binanceās CEO took to X, announcing their active role in assistingĀ BtcTurkāsĀ investigation into a recent security breach. The crypto giant has already frozen over $5.3 million in stolen funds that passed through its platform, showcasing its commitment to combating illicit activities in the cryptocurrency space.
In response to the attack, BtcTurk swiftly halted allĀ cryptocurrencyĀ deposits and withdrawals. The hackers targeted the exchangeās hot wallets, compromising balances across 10 different cryptocurrencies. However, BtcTurk officials have reassured users that the majority of assets, stored securely in cold wallets, remain unaffected by the breach.
