Digital security has never been so focused. With the advancement of cyber fraud worldwide and the growth of the cryptocurrency market, protecting users from users has become a priority for companies in the sector.
In the midst of the scenario, Binance, the world’s largest crypto exchange, stands out for its commitment to fight fraud – inside and away from home. “The safety of our users is the central pillar of our performance. We continually invest in technology, artificial intelligence and specialized teams to prevent, detect and respond to any type of digital threat,” says Guilherme Nazar, Binance’s regional vice president for Latin America.
To protect the user ecosystem and funds, Binance incorporates advanced technology and has more than 650 compliance and safety professionals dedicated exclusively to this goal. In addition, Exchange also actively contributes to national and international authorities in actions to combat digital violations.
Combating Digital Crimes
In a moment of constant technological evolution, trust has become as valuable as the cryptors themselves. And it is precisely because it anticipates threats, investing in cutting -edge technology and working side by side with public security institutions that Binance consolidates itself as a reference in protection in the cryptocurrency market.
In one of the most recent contributions to authorities, Binance provided technical support to the prosecutor and the São Paulo Military Police. The action dismantled a gang specializing in cell phone theft and personal data use to apply blows to financial platforms.
During the operation, the Binance security team actively collaborated with the authorities, offering essential technical expertise for tracking transactions and identification of suspects, retaining approximately $ 260,000 in cash and cryptors, as well as jewelry, documents and various electronic devices, including cell phones belonging to some victims.
“This posture not only contributed to the arrest of those involved, but also reinforces the importance of a collaborative ecosystem in building a safer market,” says Nazar.
“Cooperation between public and private sectors is essential in combating crime, especially when it encompasses emerging technologies such as Blockchain. The proactive support of the Binance team in Brazil during investigations was fundamental for the tracking of resources and the identification of those involved,” says Lister Caldas Braga Filho, Cybergaeco MPSP prosecutor.
Another relevant case that highlights the company’s protagonism in the fight against digital crime happened in the global scenario, with the attack suffered by the decentralized Kiloex Exchange in April this year. The platform has been the target of sophisticated price manipulation. Binance promptly mobilized its team to help recover $ 6.1 million in cryptocurrencies – or 90% of stolen assets – a few hours after the attack.
Security for users
Binance also stands out for the preventive security infrastructure
offered to users. Most assets are stored in Cold Wallets,
Offline facilities that significantly reduce the risk of external attacks.
In addition, it maintains an emergency fund, valued at about $ 1
billion in its own funds, which guarantees the resources of users if the platform
Suffer some attack.
Real -time monitoring is another important front. Any
suspicious movement, such as withdrawal attempts, password redefinitions or
change of authentication of two factors, is analyzed by the
Binance risk management. If an out -of -standard activity detected,
security measures are immediately triggered, including suspension
Temporary withdrawals for up to 48 hours.
In addition, users who follow or seek information
about or, they can count on a safe ecosystem
to perform operations. Binance also offers educational content about
how, and other services focused on the investor
beginner or advanced.
Advanced encryption
In the organizational layer, Binance adopts Multiple Subscriptions and Limit Subscriptions (TSS) – technologies that raise the level of safety and integrity of user transactions and funds. This prevents a single failure to compromise the entire system and ensures that accesses are always under rigid control.
Advanced data encryption is also one of the pillars of the Exchange system. All personal information and data from KYC (Know Your Customer) is encrypted in both traffic and storage, ensuring privacy and security to users.
More information on security and fighting digital crimes.
