Binance CEO Richard Teng has highlighted the platform’s crucial role in recovering funds stolen by a hacker in a recent attack targeting decentralized exchange KiloEx. The heist saw approximately $7.5 million worth of cryptocurrencies vanish after exploiting the price oracle mechanism. Binance played a critical part in tracing, blocking, and retrieving roughly 90% of these stolen assets through collaborative efforts with the crypto community and law enforcement. Binance’s security team acted quickly, joining forces with other players in the crypto ecosystem to counter the attack. 90% of the stolen funds have been recovered. Read more about Binance’s involvement here: [link]