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  2. Binance takes decisive action, launching a refund process for victims of the XIRTAM rug pull scam in May, which led to a loss of over $3 million or 1,909 ETH for unsuspecting investors. Fortunately, the ill-gotten gains were stored in an account on Binance, which froze it after the rug pull tactic was uncovered.
    www.econotimes.com/Binance-Rolls-Out-Smart-Co…
    Binance, the leading cryptocurrency exchange, has taken proactive measures to address the financial losses suffered by users in the wake of the Xirtam rug pull scam. In response to the recent fraudulent activities surrounding the Arbitrum-based Xirtam project, Binance rolled out a smart contract designed to refund impacted users.
    www.bitdegree.org/crypto/news/binance-unveils-au…
     
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