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Binance CEO Richard Teng Affirms Binance’s Support To BtcTurk Amid Recent Hack

source-logo  coingape.com 23 June 2024 09:40, UTC

Binance CEO, Richard Teng has reaffirmed the exchange’s 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. Teng’s statement underscores Binance’s proactive stance in safeguarding the integrity of the crypto ecosystem amidst evolving cybersecurity challenges.