In a show of unwavering support, Binance CEO Richard Teng has reinstated Binance’s commitment to reinforcing security measures and safeguarding user funds after the recent hack on BtcTurk. Taking immediate action, Binance has taken the bold step of freezing stolen funds that passed through its centralized exchange, showcasing their proactive approach in minimizing the negative effects on affected users. Teng’s statement emphasizes Binance’s proactive role in protecting the integrity of the cryptocurrency ecosystem amidst the ever-changing landscape of cybersecurity threats.
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Binance CEO Richard Teng Affirms Binance’s Support To BtcTurk Amid Recent Hack
By
Eleanor Ashworth — Editor-in-Chief
About the author · Editor-in-Chief
Eleanor Ashworth
Eleanor Ashworth is editor-in-chief at BTCNews. A Cambridge-trained journalist with 18 years across the Financial Times, Reuters and the Telegraph, she joined the crypto beat in 2017 after covering the Bank of England and HM Treasury. She holds the SABEW Best in Business award (2022) and was shortlisted for the British Journalism Awards (2023). At BTCNews she sets the editorial line for Bitcoin and macro markets coverage, with a focus on institutional adoption, regulation and central-bank policy. Based in London.