Binance CEO Richard Teng recently issued a reminder about the importance of securing users' funds in the cryptocurrency space.
Users' Responsibilities in Ensuring Security
Richard Teng emphasized that security in cryptocurrency trading is not only the platform's responsibility but also that of the users themselves. They need to exercise due diligence to protect their funds.
Safety Measures from Binance
The CEO assured that Binance remains committed to user safety by providing multiple protective systems like encryption and account monitoring. He urged users to enable two-factor authentication (2FA) and utilize other available safety tools.
Warnings About Crypto Scams
Teng reminded that vigilance is the best defense against scammers in the crypto space. In 2024, bad actors compromised thousands of Australian crypto wallets, leading to losses in the hundreds of millions of dollars.
By implementing Richard Teng's advice, users can significantly enhance the security of their crypto assets and protect themselves from risks.
