Customer Funds$ Remained #SAFE
Teng clarified concerns regarding the security of user assets, confirming that no customer funds were affected during the incident. He explained that Binance does not use customer funds for its internal operations, and the incident was limited to #BİNANCE ’s own hot wallet.
Binance follows a security model in which the majority of customer assets are stored in #cold #wallets , keeping them offline and protected. Only the required funds are transferred to hot wallets when users request withdrawals.
Teng also advised users to review their account balances and reach out to #BİNANCE Customer Support if they have any concerns or questions.
Teng clarified concerns regarding the security of user assets, confirming that no customer funds were affected during the incident. He explained that Binance does not use customer funds for its internal operations, and the incident was limited to #BİNANCE ’s own hot wallet.
Binance follows a security model in which the majority of customer assets are stored in #cold #wallets , keeping them offline and protected. Only the required funds are transferred to hot wallets when users request withdrawals.
Teng also advised users to review their account balances and reach out to #BİNANCE Customer Support if they have any concerns or questions.