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David Princay, the president of Binance France, stated that Binance has recovered more than $73 million in "stolen user funds" so far this year. Princay shared his statement in an August 8 post on X.
"As of July 31, #Binance has secured over $73M in stolen user funds from external parties in 2024, surpassing the $55M secured in 2023," said Princay. "Through proactive efforts, we've recovered lost digital funds, with ~80% related to external exploits."
According to a Binance blog post, "Through proactive efforts and collaboration with industry players and the public sector, Binance has successfully helped users recover misplaced and lost digital funds, with approximately 80% of recoveries related to external hacks, exploits, and theft." The company has been successful in assisting Web3 users and industry peers in recovering misplaced and lost digital assets. Binance also collaborates closely with the public sector to ensure affected users receive the necessary assistance.
