CandleFocus Binance Recovers $9.1 Million Through Anti-Scam Initiative in 2024
2024-12-26
Author: Content Editor
Binance has announced that its Anti-Scam Refund Initiative has successfully recovered $9.1 million in 2024. The initiative is part of Binance’s larger commitment to protecting users from scams in the growing crypto market. Scammers are becoming increasingly smart and targeting both traditional finance and DeFi. Binance is working to recover funds for scam victims using risk management technology and proactive protection measures. The company issued over 15,000 targeted alerts daily to users, worked with global authorities, and flagged suspicious transactions. Despite these efforts, Binance does not guarantee refunds to its users. Overall, Binance’s initiative in 2024 has prevented over $129 million in losses and blacklisted 47,000 malicious addresses. The company encourages users to remain vigilant and report any suspicious activity.
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