Binance Recovers $4.4 Billion User Assets, Resolves 380,000 Transfer Error Incidents in Two Years

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Binance recovers $4.4 billion in user assets
Binance: Rug Pull and user deposit errors peak
Binance recovers $4.4 billion in user assets
Bloomberg
Quoting a Binance report, it was stated that Binance resolved 381,616 cases of user deposits not being credited in 2022 and 2023. The reasons for the deposits not being credited may include:
Incorrect wallet addresses entered
Depositing into different blockchain addresses
Blockchain upgrade issues
Binance stated that during these two years, they have recovered $4.4 billion worth of cryptocurrency assets for users.
Binance: Rug Pull and user deposit errors peak
Jimmy Su, the Chief Security Officer of Binance, stated in an interview that with the market sentiment turning bullish, rug pulls and improper user fund management are expected to increase:
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When we are in a bear market, we indeed see a decline in rug pulls, but now with the market rebounding, we are certain to see the situation worsen again. Additionally, with new users entering the market, deposit errors are likely to continue occurring. Most beginners face many challenges when operating wallets, and this is part of the process of maturity for the cryptocurrency industry.
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Rug Pull
Binance

Further Reading
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