Binance Co-Chair CEO says it is assisting Bitget in tracking and recovering stolen funds
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AT A GLANCE
Richard Teng said that Binance is assisting Bitget by sharing security intelligence, tracking the relevant funds, and supporting asset recovery.
Article
Binance Co-Chair CEO: assisting Bitget in tracking and recovering stolen funds, and sharing security intelligence
BlockBeats news,September 25，Binance Co-Chair CEO Richard Teng posted that, following the Bitget security incident,Binance security team has been working closely with Bitget since the incident was discovered, assisting with the sharing of security intelligence, tracking the relevant funds, and supporting asset recovery efforts.
Richard Teng said that, in security incidents of this kind, the crypto industry will coordinate to respond to attackers, and that the relevant assistance remains ongoing.
Original link https://m.theblockbeats.info/flash/368965
Key points
01
BlockBeats news is dated September 25。
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Binance Co-Chair CEO Richard Teng posted that, following the Bitget security incident, the Binance security team has been working closely with Bitget.
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Richard Teng said that the assistance includes sharing security intelligence, tracking the relevant funds, and supporting asset recovery efforts.
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Richard Teng said that the relevant assistance remains ongoing.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
After the security incident at Bitget, the Binance security team is providing assistance with intelligence sharing, fund tracking, and asset recovery. The available material only relays Richard Teng's statements and does not explain the cause of the incident, the scale of the losses, or the recovery results.
Why it matters to readers
Fund tracking and asset recovery relate to the progress of handling the security incident and also reflect the security cooperation among different platforms in the crypto industry.
If users hold assets on the relevant platforms, they should follow subsequent platform announcements and verifiable recovery progress; the current material does not establish that the funds have been recovered.
Risks and unknowns
No direct link to Richard Teng's original post was provided, so the complete wording cannot be verified from the available material.
The cause, scope of impact, and scale of losses from the security incident were not specified.
It remains unclear whether the relevant funds have been frozen or recovered.
The specific progress and outcome of Binance’s assistance have not been disclosed.
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Related concepts
Security intelligence
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