Jimmy Su

Jimmy Su is the Chief Security Officer at Binance, a prominent cryptocurrency exchange platform. In his role, Su leads Binance's security efforts and plays a crucial part in protecting user funds and enhancing the overall security of the cryptocurrency ecosystem.1

Key Responsibilities and Achievements

Under Su's leadership, Binance's security team has made significant strides in safeguarding user assets:

• As of July 31, 2024, they recovered over $73 million in user funds from external hacks, surpassing the approximately $55 million secured throughout 2023.1
• Su and his team have been successful in helping users recover misplaced and lost digital funds, as well as freezing and clawing back ill-gotten funds that make their way to the Binance platform.1
• Approximately 80% of these recoveries and freezes are related to hacks, exploits, and thefts happening externally, while the remaining 20% are associated with scams taking place outside the Binance platform.1

Approach to Security

Su emphasizes a proactive and hands-on approach to making the cryptocurrency ecosystem more secure. He highlights several key aspects of Binance's security strategy:

• Collaboration with third-party services to achieve greater coverage in tracking and recovering stolen funds.1
• Leveraging the innate nature of blockchain technology, where all transactions are public and trackable, to identify and monitor potentially suspicious activity.1
• Working closely with the public sector to ensure affected users receive necessary assistance.1

Su also notes that the increase in recovered and frozen funds is not indicative of a rise in criminal activity within the industry, but rather a result of Binance's proactive security measures.1

In his role, Jimmy Su continues to advocate for user protection and the enhancement of security measures in the rapidly evolving cryptocurrency landscape.