Binance paused withdrawals after a security breach. CEO He Yi confirmed all hack losses covered by exchange, user funds are SAFU.
Key updates:
- Withdrawals/deposits frozen until environment secured
- World Liberty Financial helped freeze $27M $USD1 + 48M $WLFI (~$2M)
- Binance eating all losses, zero user impact
- Full post-mortem coming after investigation wraps
Team working with law enforcement to freeze stolen funds. Only trust official Binance channels for updates.
This is why exchange reserves matter. CZ-era SAFU fund flexing again.
Key updates:
- Withdrawals/deposits frozen until environment secured
- World Liberty Financial helped freeze $27M $USD1 + 48M $WLFI (~$2M)
- Binance eating all losses, zero user impact
- Full post-mortem coming after investigation wraps
Team working with law enforcement to freeze stolen funds. Only trust official Binance channels for updates.
This is why exchange reserves matter. CZ-era SAFU fund flexing again.
