Binance update: here's what's confirmed so far 👇

✅ Hot wallet incident on 29 Oct, ~20:20 UTC
✅ Binance estimates the impact at $6.3B
✅ ~$3B frozen with help from stablecoin issuers
✅ Withdrawals paused, deposits open
✅ Binance says user funds are safe and losses are covered by SAFU
⏳ Withdrawals expected to reopen "within 48 hours"

What it did to liquidity:
Bitcoin orders within 1% of price on 7 other major exchanges fell from $122.4M to $88.9M in 24 hours (−27%).
$ETH −10%, $SOL −17%.
The one book that grew: $HYPE , +22%.

Thinner books = bigger candles on smaller orders. Size down until depth comes back.

Follow official Binance announcements only. Ignore DMs and "recovery" offers.

#Binance #SAFU #DYOR