Binance co-CEO Richard Teng said on Sept. 25 that Binance has been working closely with Bitget after the latter’s security incident. According to Teng, Binance’s security team has been cooperating with Bitget since the issue was identified, sharing security intelligence, tracing the related funds, and supporting efforts to recover assets. Teng also said that in security incidents of this kind, the crypto industry responds collectively against attackers. He added that Binance’s assistance is still ongoing. The statement frames the response as an active cross-industry security effort rather than a one-off action, with Binance continuing to provide support as Bitget handles the aftermath of the incident.
Binance co-CEO Richard Teng said on Sept. 25 that Binance is assisting Bitget following a security incident, according to BlockBeats.
Teng said Binance’s security team has been working closely with Bitget since the incident was discovered, sharing security intelligence, tracing the related funds, and supporting asset recovery efforts.
He added that in security incidents like this, the crypto industry will work together against attackers, and that the assistance is still ongoing.
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