In a recent update from COINOTAG dated December 23rd, Binance has unveiled its 2024 Anti-Scam Refund Plan Year-End Report. The report highlights that Binance has successfully recovered approximately $9.1 million for its users who fell victim to scams. Furthermore, the company reached out to around 30,000 potential victims through proactive phone calls to offer assistance. The efforts of Binance have reportedly prevented losses exceeding $129 million by blacklisting 47,000 malicious addresses. Additionally, the platform emphasizes user security by dispatching over 15,000 alert messages daily to inform users about potential threats. This initiative aims to bolster customer confidence amidst growing concerns over cryptocurrency fraud. As the crypto landscape evolves, such measures are vital for fostering a safer trading environment.
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