Binance Says It Recovered $4 Billion in Mishandled Users’ Funds

Binance Holdings Ltd., the world’s largest cryptocurrency exchange, said it has recovered $4.4 billion worth of digital assets for its users who mishandled their deposits in the past two years.

Users can mishandle their funds for a variety of reasons including entering wrong wallet addresses, depositing incompatible tokens and problems from blockchain upgrades, according to Thursday’s report. Binance said it resolved 381,616 cases of cryptocurrency that was deposited by users but not credited in 2022 and 2023.

The report, which also mentions efforts to deal with hackers and other crimes, comes as the exchange is reshaping itself after pleading ...