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Binance Achieves Record Recovery of $73 Million in Stolen Funds 👏SAFU🙏👏👏👏
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! #SAFU🙏 #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! #SAFU🙏 #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 drain—a scam that can wipe out your digital assets in an instant.
Let’s 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.
How Does It Work?
Wallet drainers typically operate by:
Phishing: Deceiving users into clicking on malicious links or downloading infected files. Malware: Infecting devices with software that steals wallet information. 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.
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. Beware of Phishing: Be cautious of suspicious emails, links, and downloads. 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 #SAFU🙏 #walletdrain #knowledge
Cryptocurrency offers amazing opportunities, but it also comes with a pile of risks. One of the most significant ones is a wallet drain—a scam that can wipe out your digital assets in an instant.
Let’s 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.
How Does It Work?
Wallet drainers typically operate by:
Phishing: Deceiving users into clicking on malicious links or downloading infected files. Malware: Infecting devices with software that steals wallet information. 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.
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. Beware of Phishing: Be cautious of suspicious emails, links, and downloads. 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 #SAFU🙏 #walletdrain #knowledge
#NOT🔥🔥🔥 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#SAFU🙏 #Dyor2024 before investing
my next post will be notcoin Algorithm technical analysis.
Stay tuned! don't skip without following me. stay#SAFU🙏 #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 #SAFU🙏
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 #SAFU🙏
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!
#SAFU🙏 #BinanceCEO #security🔒
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!
#SAFU🙏 #BinanceCEO #security🔒
#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 #SAFU🙏 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 ..
𝐌𝐲 𝐕𝐢𝐝𝐞𝐨 𝐂𝐚𝐦𝐞 𝐒𝐞𝐜𝐨𝐧𝐝 & 𝐖𝐨𝐧 $300 𝐑𝐞𝐰𝐚𝐫𝐝𝐬 𝐈𝐧 𝐁𝐢𝐧𝐚𝐧𝐜𝐞 𝐕𝐢𝐝𝐞𝐨 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 (𝐇𝐞𝐫𝐞'𝐬 𝐖𝐡𝐚𝐭 𝐘𝐨𝐮 𝐒𝐡𝐨𝐮𝐥𝐝 𝐊𝐧𝐨𝐰)
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.💙💙
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.
©️ Michael Akerele (#AwesomeMike)
#SAFU🙏
#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.💙💙
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.
©️ Michael Akerele (#AwesomeMike)
#SAFU🙏
#BTC
#Web3Wallet
#Web3ForAll
#HDLifeCommunity
🗞️ 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 #SAFU🙏
''Negotiations will start in a few hours when I am fully rested''.
#KyberSwap #SAFU🙏
#SEIUSDT Entry: Current Market 25x LONG
📈 Long Trade, so the Final TP is 0.2833
🛑 Stoploss: 2389
💼 Use 3-5% of your Portfolio
The SEI is gonna Boom! 🚀🌐💰
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. 📊💡📈 $SEI $BTC $BNB #SAFU🙏 #Web3Wallet #BinanceSquare #MS_CryptoX
📈 Long Trade, so the Final TP is 0.2833
🛑 Stoploss: 2389
💼 Use 3-5% of your Portfolio
The SEI is gonna Boom! 🚀🌐💰
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. 📊💡📈 $SEI $BTC $BNB #SAFU🙏 #Web3Wallet #BinanceSquare #MS_CryptoX
1 loss hurts you.
5 losses make you sad.
10 losses make you angry.
You will always lose trades.
Losses are just costs of business.
90% of traders are afraid after 2-3-4 losses.
10% of traders just think in probability.
#BTC #SAFU🙏 #Web3Wallet
5 losses make you sad.
10 losses make you angry.
You will always lose trades.
Losses are just costs of business.
90% of traders are afraid after 2-3-4 losses.
10% of traders just think in probability.
#BTC #SAFU🙏 #Web3Wallet
Question:
Who invented the term #SAFU ?
Answer:
The term "SAFU" gained prominence in the context of Binance, one of the largest cryptocurrency exchanges. In July 2018, Binance experienced a security incident where hackers managed to withdraw a large amount of cryptocurrency from the exchange. However, Binance had a safety measure in place called the "Secure Asset Fund for Users" (SAFU), which was a reserve fund set up to cover any losses in such situations.
Changpeng Zhao, known as CZ, the CEO of Binance, reassured users on social media by using the hashtag #SAFU🙏 . This helped to convey the commitment to securing users' funds and reimbursing any potential losses. The term has since become widely adopted in the cryptocurrency space to signify a commitment to the security of users' assets.
#BTC #ETH @CZ
Who invented the term #SAFU ?
Answer:
The term "SAFU" gained prominence in the context of Binance, one of the largest cryptocurrency exchanges. In July 2018, Binance experienced a security incident where hackers managed to withdraw a large amount of cryptocurrency from the exchange. However, Binance had a safety measure in place called the "Secure Asset Fund for Users" (SAFU), which was a reserve fund set up to cover any losses in such situations.
Changpeng Zhao, known as CZ, the CEO of Binance, reassured users on social media by using the hashtag #SAFU🙏 . This helped to convey the commitment to securing users' funds and reimbursing any potential losses. The term has since become widely adopted in the cryptocurrency space to signify a commitment to the security of users' assets.
#BTC #ETH @CZ
How to 10x your trading:
If you want better execution, stop breaking rules.
If you want more accuracy, stop forcing trades.
If you want more profits, start being ruthless with your system.
Your system is your most important trading weapon.
#BTC #SAFU🙏 #Web3Wallet #ETH #LUNC
If you want better execution, stop breaking rules.
If you want more accuracy, stop forcing trades.
If you want more profits, start being ruthless with your system.
Your system is your most important trading weapon.
#BTC #SAFU🙏 #Web3Wallet #ETH #LUNC
Warning! Please pay attention not to click on random links and link your wallet to just any website, there are a lot of scammers during the bull run. I hope you remain safe and comfortable choosing your flagship project token. #BTC #etf #Launchpool #Cryptocurrrency #SAFU🙏
WOTD : Theme SAFU
The Secure Asset Fund for Users (SAFU) is an emergency insurance fund that was established in 2018 to protect Binance users in extreme situations. Over the years, we’ve continued to monitor SAFU’s size, maintaining the balance at a level adequate to safeguard our users.
In January 2022, we announced that SAFU was worth $1B. Due to the recent market conditions, that value is now worth $735m. As of November 2022, we’ve topped the SAFU balance back to $1B.
#WOTD #SAFU🙏 #binancians
The Secure Asset Fund for Users (SAFU) is an emergency insurance fund that was established in 2018 to protect Binance users in extreme situations. Over the years, we’ve continued to monitor SAFU’s size, maintaining the balance at a level adequate to safeguard our users.
In January 2022, we announced that SAFU was worth $1B. Due to the recent market conditions, that value is now worth $735m. As of November 2022, we’ve topped the SAFU balance back to $1B.
#WOTD #SAFU🙏 #binancians
