Binance
2024 - 8 - 20Binance: The Crypto Superhero that Just Saved $2.4 Billion!
Binance - Changpeng Zhao - crypto scams - cryptocurrency - fraud prevention - Macao Judiciary Police - VOXEL price - Web3 WalletDiscover how Binance saved the day for crypto users, fighting off scams worth a whopping $2.4 billion in just six months!
In a remarkable feat of digital heroism, Binance, the world’s largest cryptocurrency exchange, has triumphantly announced that it has successfully prevented potential losses totaling a staggering $2.4 billion from crypto scams and fraudulent activities in the first half of 2024 alone. With the rise of online scams becoming all too common in today’s digital economy, Binance has stood its ground using advanced risk assessment and monitoring systems, effectively safeguarding about 1.2 million users from falling prey to these mischievous villains of the crypto world.
As the threats intensified, Binance took preemptive action against suspicious withdrawals, flagging over $1.1 billion in questionable transactions. The exchange’s swift intervention helped protect its users and restore confidence in the vibrant yet sometimes volatile cryptocurrency market. To combat these nefarious activities further, Binance struck a strategic partnership with the Macau Judiciary Police in an ambitious effort to tackle the rising tide of online scams. This collaboration signals Binance's commitment to ensuring a safer crypto trading environment for all its users worldwide.
However, not all is smooth sailing in the crypto seas as Binance continues to navigate the legal waters. The company and its former CEO, Changpeng Zhao, are facing a new class action lawsuit alleging consumer harm. While Binance sends shockwaves through the fraud prevention world, it also has to ward off legal challenges to retain its reputation as a secure trading platform. Nevertheless, they remain committed to thwarting those with less-than-noble intentions, reaffirming their role as guardians of the crypto realm.
As Binance continues to scale its operations, its remarkable performance so far in 2024 has garnered significant attention in the cryptocurrency sector. The platform’s efforts to prevent potential losses and their partnership with law enforcement showcases their dedication to user safety. So, the next time you're worrying about the latest crypto scam, just remember: Binance is on patrol, ready to defend your investments!
Binance Prevents $2.4 Billion in Potential User Losses in 2024 So Far (Fintech Finance)
Binance, the leading blockchain ecosystem behind the world's largest crypto exchange by trading volume, is pleased to announce that from January to July ...
Binance Claims To Have Prevented $2.4Billion In Fraudulent ... (SaharaReporters.com)
Binance, the world's largest crypto exchange, on Tuesday announced that it prevented over $2.4 billion in potential user losses from suspected scams and ...
Binance Prevents $2.4 Billion in Crypto Scams and Frauds (The Crypto Times)
Binance, the global leader in cryptocurrency exchange by trading volume, has successfully prevented potential losses totaling to more $2.4 billion from ...
Binance Claims to Have Prevented $2.4 Billion in Fraudulent Losses ... (Finance Magnates)
A significant portion of the detected threats involved suspicious crypto withdrawals, whereby Binance flagged over $1.1 billion. · By July 31, 2024, Binance had ...
First Promoters Jimmy Butler, Ben Armstrong to Settle in Binance ... (Law.com)
Adam Moskowitz the managing partner at the Moskowitz Law Firm in Coconut Grove and David Boies the chair of Boies Schiller Flexner in New York have also ...
Ex-Binance CEO CZ Facing New Lawsuit: Details (U.Today)
Cryptocurrency giant Binance and former CEO Changpeng Zhao have been slapped with a new class action lawsuit that alleges consumer harm due to the ...
Binance Taps Macau Police to Combat Online Scams (Coinspeaker)
Binance entered a partnership with the Macau Judiciary Police to counter the rising threat of online scams, particularly crypto-related ones.
Binance CEO Richard Teng Spotlights Milestone Amid Crypto Scam ... (Coingape)
Binance CEO highlights the platform's prevention of $2.4B in scam losses, protecting 1.2M users through advanced risk and monitoring systems.
Binance teams with Macau Judiciary Police on new anti-scam ... (Finextra)
Committed to collaboratively advancing the crypto ecosystem's security, Binance is working closely with law enforcement agencies around the globe in ...
Binance's return to India comes with $86M tax demand (Cointelegraph)
While Indian AML agencies have given Binance the green light to resume operations, authorities are still seeking $86 million in tax liabilities from the ...
Binance's Return to India After Ban Comes With $86Million Tax ... (SaharaReporters.com)
Launched on India's 78th Independence Day, Binance's re-entry into the Indian market signals a new chapter in crypto adoption for the rapidly growing ...
Binance Achieves its 19th Global Regulatory Milestone with ... (Africa.com)
As part of our ongoing efforts to uphold the highest regulatory standards, we recently announced that Binance (www.Binance.com) has successfully registered ...
Crypto giant Binance teams up with Macao police for scam prevention (Macau News)
The pair have launched an anti-scam trial for Macao-based crypto investors, similar to one running in Hong Kong.
CZ and Binance face new lawsuit for alleged laundering of stolen ... (Cointelegraph)
Binance and former CEO CZ have been hit with a class action lawsuit alleging the exchange facilitated money laundering of stolen crypto.
Binance Prevents $2.4 Billion In Potential Losses From Scams (bitcoinist.com)
Binance revealed it has prevented over $2 billion in potential losses from crypto frauds and scams with its risk engine since January 2024.
VOXEL Price Soars 50% After Binance Lists Perpetual Contract (The Crypto Times)
VOXEL price surged over 50% in 24 hours after Binance's major announcement about the token, boosting interest and trading.
VOXEL skyrockets 55% after major Binance announcement (crypto.news)
Voxies (VOXEL) price went vertical after Binance Futures announced listing of the USD-Margined VOXEL Perpetual Contract.
Binance Security Saves Millions from Crypto Fraud (CryptoNewsZ)
In 2024, Binance's AI-driven security measures protected 1.2 million users and blocked billions in potential fraud losses.
How Binance stopped millions of customers from being scammed ... (htxt.africa)
The crypto exchange uses an internal risk engine to conduct real-time 24/7 monitoring of all transactions across the globe. The Binance security teams still ...
Crypto Platform, Binance Faces Fresh Lawsuit Over Money ... (SaharaReporters.com)
A global crypto trading platform, Binance has been hit with a new class action lawsuit in the U.S. Western District Court of Washington over money ...
Binance Hit With Fresh Class Action Lawsuit Over Money ... (Decrypt)
The lawsuit alleges that Binance's negligent compliance practices allowed bad actors to use the platform to launder stolen crypto.
Binance and crypto scams: protecting users from potential frauds (The Cryptonomist)
Scams: the popular crypto-exchange Binance has managed to protect its 1.2 million users from crypto scams.
Class Action Lawsuit against Binance and Changpeng Zhao Alleges ... (Finance Magnates)
Binance and its former CEO, Changpeng Zhao, are facing yet another class action lawsuit, this time brought by three cryptocurrency investors who allege that ...
Binance Prevents $2.4 Billion in Potential User Losses in 2024 So Far (BusinessGhana)
Binance, the leading blockchain ecosystem behind the world's largest crypto exchange by trading volume, is pleased to announce that from...
Binance and CZ Face New Lawsuit Over Alleged Role in Crypto Theft (Coinspeaker)
The lawsuit accuses Binance of playing a pivotal role in the money laundering scheme, thereby violating the Racketeer Influenced and Corrupt Organizations ...
Binance and CZ Face Money Laundering Allegations in New Class ... (Unchained Podcast)
Binance and its former CEO Changpeng Zhao have been accused of negligent compliance practices that enabled money laundering by users of the platform.
Binance Prevented $2.4 Billion in Losses in H1 2024, 45 Percent ... (Gadgets360)
Binance has reportedly managed to avert $2.4 billion (roughly Rs. 20130 crore) in losses between January and July this year. Out of the total saved, ...
Web3 Wallet from Binance- What It Means for Crypto (FX Leaders)
This wallet works with the wider Binance platform and their entire digital asset ecosystem. Uses can store their digital assets securely in the wallet, and it ...
Miami Heat's Jimmy Butler, BitBoy Crypto Resolves Claims by ... (Bloomberg)
Miami Heat basketball star Jimmy Butler and YouTube influencer Ben Armstrong agreed to pay a combined $340000 to resolve claims that they helped dupe ...
Binance Prevents $2.4 Billion in Potential User Losses in 2024 So Far (BusinessGhana)
Binance, the leading blockchain ecosystem behind the world's largest crypto exchange by trading volume, is pleased to announce that from...
Binance And CZ Sued For Making Crypto Assets Untraceable (FinanceFeeds)
Binance and its former CEO, Changpeng "CZ" Zhao, are facing a new class-action lawsuit from three cryptocurrency investors.
New Binance CEO Sees No Need for IPO as He Plots 100-Year ... (Coindesk)
Richard Teng, who replaced founder Changpeng "CZ" Zhao in November, is playing the long game.
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