🚨 BINANCE SHOWS STRONG COMMITMENT AMID $6.3 BILLION SECURITY INCIDENT!

Binance has shared a major update on its October 30 security incident.

🛡️ KEY DEVELOPMENTS:

🔹 Estimated impact: $6.3 billion.
🔹 Approximately $3 billion in assets frozen on-chain.
🔹 No evidence of wallet private key leaks.
🔹 Deposits continue operating normally.
🔹 Withdrawals temporarily paused for security checks.

💪 BINANCE'S RESPONSE:

✅ All losses to be covered by SAFU and company funds.
✅ Working with global law enforcement and blockchain partners.
✅ Updated Proof of Reserves promised after remediation.

👏 Binance is working around the clock to resolve the situation and safeguard its users.

A STRONG FOCUS ON USER PROTECTION AND RECOVERY!

💬 What do you think about Binance's response?

#Binance e #safu #CryptoNewss s #CryptoSecurityIncidents

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