Binance, the largest cryptocurrency exchange, has released its annual report highlighting its strong security efforts. The report reveals that Binance prevented approximately $4.2 billion in losses for 2.8 million users in 2024 alone. The exchange increased its compliance staff to 650 employees and obtained 21 regulatory authorizations. Binance established a Risk and Compliance Committee to align risk frameworks with regulations and strategic objectives. The exchange also collaborated with law enforcement, delivering 100 training sessions and responding to over 64,800 law enforcement requests. Additionally, Binance helped users recover $88 million in misplaced or stolen funds.



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