Binance’s Response to KiloEx Cyberattack: A Case Study in Security and Recovery

The recent cyber attack on KiloEx has highlighted the vulnerability of cryptocurrency exchanges to sophisticated cyber threats. While a significant portion of $7.5 million was stolen, Binance responded swiftly with coordinated efforts that led to the recovery of over $6.1 million. This response underscores the critical role security systems play in mitigating such attacks.