The post WhiteBIT freezes over $150M in 2024 as crypto crime surges appeared on BitcoinEthereumNews.com.

Key highlights: WhiteBIT has recovered or secured over $150 million in cryptocurrency linked to hacks, scams, and fraud in 2024. The exchange has played a role in high-profile cases, including the Coinspaid breach and funds linked to Ripple co-founder Chris Larsen. WhiteBIT is recognized among the top five most secure crypto exchanges, with advanced security measures and strict anti-money laundering (AML) protocols. WhiteBIT steps up efforts to combat crypto crime As crypto-related hacks and scams continue to rise, WhiteBIT has positioned itself as a key player in safeguarding digital assets. In 2024 alone, the exchange has secured over $150 million in at-risk cryptocurrency, contributing to global efforts to fight digital crime. According to Chainalysis’ 2024 Crypto Crime Report, stolen crypto funds reached $2.2 billion globally—a 21% increase from the previous year. The number of hacking incidents also climbed, underscoring the persistent challenge of securing digital assets. Major recoveries and security interventions WhiteBIT has been instrumental in freezing and recovering funds in several high-profile cases. The exchange secured $4.8 million in stolen cryptocurrency linked to multiple investigations, including: The Coinspaid breach, where WhiteBIT froze significant amounts of cryptocurrency to help mitigate user losses. A Ripple-linked investigation, in which WhiteBIT blocked XRP funds connected to co-founder Chris Larsen. The TAO Holder case, identified by blockchain investigator ZachXBT, where WhiteBIT played a role in freezing large amounts of USDC to support law enforcement. In another major case, the exchange helped track and return funds tied to a $16 million hack on Rain.com, an attack attributed to North Korean hacker group Lazarus. After investigators traced $760,000 in stolen SOL to WhiteBIT, the exchange returned the funds to the FBI following a court order. Tackling fraud through anti-money laundering measures WhiteBIT collaborates closely with global law enforcement agencies to improve security and prevent fraudulent activity.…

---

Filed under: News - @ February 12, 2025 11:21 am