WhiteBIT, one of the leading crypto exchanges in Europe, intercepted $150M in cryptocurrencies, marking a significant step in fighting digital crimes.
Rise in Digital Crimes
In 2024, global losses from crypto crimes totaled $2.2B, a 21.07% increase from the previous year. According to Chainalysis, 303 hacking incidents were reported compared to 282 the prior period.
WhiteBIT's Successful Operations
WhiteBIT managed to secure $4.8M in high-profile theft cases. The exchange was actively involved in investigations, temporarily freezing suspicious assets. Additionally, WhiteBIT supported cases involving XRP and the Coinspaid attack, aiding in fund recovery.
Enhancing AML Practices
WhiteBIT remains open to collaborating with law enforcement, utilizing advanced methods to identify suspicious activities through open-source analysis and custom monitoring systems. Over 40% of hacks involve technical methods such as phishing and malware.
WhiteBIT continues to bolster its position as a reliable partner in crypto security, protecting users against multiple threats.
