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07/26/2026

Binance Intensifies Monthly Security Drills for Staff

What happened: Binance Chief Security Officer Jimmy Su confirmed that the exchange has conducted monthly simulated phishing and social engineering tests on employees for the past 3–4 years.

Binance Intensifies Monthly Security Drills for Staff

What happened: Binance Chief Security Officer Jimmy Su confirmed that the exchange has conducted monthly simulated phishing and social engineering tests on employees for the past 3–4 years. The red team mimics real-world attack vectors, such as fake recruiter messages or conference invites. Employees who repeatedly fail these drills face performance review penalties and possible termination. In 2025, 65% of crypto security incidents were attributed to social engineering, according to AMLBot estimates. Binance currently serves 323 million registered users and holds $137.7 billion in assets.

Why it matters: With social engineering driving the majority of crypto security breaches, Binance's approach reflects a growing industry emphasis on internal threat mitigation. The exchange's scale means that even minor lapses could have systemic consequences. The policy also sets a precedent for employee accountability in a sector where human error remains a leading vulnerability.

Source: Cointelegraph