Tether froze well over $1.5B USDT, Circle ~$823M USDC, plus amounts from Ripple (~$200M), World Liberty Financial, Arbitrum, and others. These freezes meaningfully reduce the net exposure. SAFU (Binance’s Secure Asset Fund for Users emergency reserve) holds roughly 15,000 BTC (~$1B), which can be drawn on for eligible security losses. I believe Binance SAFU ( $BTC ) funds will cover all.