Binance has successfully recovered a significant portion of the cryptocurrency stolen from the KiloEx platform following a recent cyberattack. The company swiftly intervened, utilizing its advanced security infrastructure to limit the impact of the breach and collaborate with law enforcement and cybersecurity experts for asset retrieval. Binance CEO Richard Teng played a crucial role in leading this recovery effort, recovering $6.1 million – 90% of the total $7.5 million stolen during the attack. The platform’s immediate response mitigated significant losses, highlighting their commitment to user protection and security. The incident spurred KiloEx to develop compensation plans for impacted users while temporarily suspending activities to address the situation effectively.