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Now, according to reports, Binance seems to have recovered a significant amount of those funds. Changpeng Zhao aka CZ, the man behind the world’s largest crypto The attackers sent the funds to various exchanges and cryptocurrency mixers to avoid the cryptocurrency getting tracked. With the funds sent into Binance, however Binance recovered and froze around $450,000 worth of the stolen assets, which is around 80 percent of the stolen funds. Crypto exchange Binance has recovered a big The largest cryptocurrency exchange, Binance, has recovered about $450k worth of digital currencies recently stolen from the decentralised finance protocol. The CEO of Binance, Changpeng Zhao tweeted that the exchange was able to freeze over 83% of stolen funds from Curve Finance. He stated that Binance recovered Leading cryptocurrency exchange Binance has helped recover crypto assets worth about $450,000 stolen from Curve Finance users. The funds represent about 83% of the According to CZ, out of the $570,000 stolen from Curve Finance, the leading trading platform has recovered $450,000, representing 83% of the total losses. Notably

Binance Recovers 83% of Curve Finance Stolen Funds: CZ Announces Major Win

The crypto community is celebrating a significant victory as Binance, the world's largest cryptocurrency exchange, has recovered a substantial portion of the funds stolen from decentralized finance (DeFi) protocol Curve Finance. This news comes as a major relief after a recent security breach that saw users lose significant assets. Leading cryptocurrency exchange Binance has helped recover crypto assets worth about $450,000 stolen from Curve Finance users. The funds represent about 83% of the total losses.

Now, according to reports, Binance seems to have recovered a significant amount of those funds. Changpeng Zhao, also known as CZ, the man behind the world’s largest crypto exchange, confirmed the successful recovery effort. He tweeted that Binance was able to freeze over 83% of the stolen funds.

How Binance Tracked and Recovered the Stolen Crypto

The attackers sent the funds to various exchanges and cryptocurrency mixers to avoid the cryptocurrency getting tracked. These mixers are designed to obscure the origin of digital assets, making it incredibly challenging to trace illicit transactions. With the funds sent into Binance, however, the exchange's sophisticated security systems were able to identify and freeze the assets.

Binance recovered and froze around $450,000 worth of the stolen assets, which is around 80 percent of the stolen funds. Crypto exchange Binance has recovered a big win for the community, demonstrating the power of centralized exchanges in combating illicit activities in the DeFi space. According to CZ, the largest cryptocurrency exchange, Binance, has recovered about $450k worth of digital currencies recently stolen from the decentralised finance protocol. The CEO of Binance, Changpeng Zhao tweeted that the exchange was able to freeze over 83% of stolen funds from Curve Finance. He stated that Binance recovered a considerable portion of the stolen assets.

According to CZ, out of the $570,000 stolen from Curve Finance, the leading trading platform has recovered $450,000, representing 83% of the total losses. Notably, this swift action by Binance underscores the importance of collaboration between centralized and decentralized platforms in safeguarding user funds and maintaining the integrity of the cryptocurrency ecosystem.

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