The Binance 2024 Anti-Scam Refund Initiative report highlights the platform's relentless efforts in combating financial scams and protecting its user base. By integrating cutting-edge technologies and empathetic customer service, Binance has set new standards for safety in the cryptocurrency landscape.Key Achievements in 2024:Funds Recovered: $9.1 million returned to scam victims.Losses Prevented: Over $129 million safeguarded through proactive measures.Daily Alerts: Over 15,000 alerts sent to users, warning them of potential risks.Blacklist Expansion: 47,000 malicious addresses flagged and blacklisted.Victim Outreach: 30,000 proactive calls made to potential victims.Four Pillars of the Initiative:Proactive Protection:Global collaboration with authorities.24-hour fund freezes on flagged transactions.Risk alerts are tailored to vulnerable users.24-Hour Safety Net:Temporarily halting suspicious transactions for investigation.Providing users a reporting window to identify scams.Rapid Response Recovery:AI-powered analysis to detect scams instantly.Swift account freezes and detailed investigations.Silent Sufferer Support:Reaching out to victims hesitant to report scams.Guiding them through recovery processes with personalized support.Technology in Action:AI & Machine Learning:Developed over 50 machine learning models tailored to detect scam activities.Implemented 14 major updates to stay ahead of evolving threats. 

According to Odaily, HIVE Digital Technologies has released its unaudited operational report for August 2024. The report reveals that the company mined 112 Bitcoins during the month, increasing its total holdings by 1% to 2,533 Bitcoins. Additionally, HIVE Digital Technologies has acquired 1,000 Bitmain S21 Pro Antminers to upgrade its existing machinery, aiming to enhance overall mining efficiency and capacity.