Latest update on the security incident: Your funds are safe

Latest update on the security incident: Your funds are safe

What we know so far, the actions we’ve taken, and our next steps

We’re contacting you directly to share updates on the security incident we’re currently responding to, details of which you may have seen.

First and foremost, we want to reassure you that your funds are completely safe, and Binance will fully bear the financial impact of this incident.

Binance has officially announced a security incident that affected the platform. You can find full details in the official statement published through our verified channels, which we encourage you to refer to as the primary source of information. We’ll continue to keep you updated as developments unfold.

What you need to know:

Your funds are safe: Binance will cover all losses related to this incident using company funds, including the SAFU Fund.

Funds allocated to cover losses: We have already allocated more than USD 6.34 billion in company funds to cover the impact of the incident, including USD 5 billion in the same digital assets affected by the incident.

Private key security: We have found no evidence that the private keys for any wallets were compromised.

Deposits and normal activity continue: Deposits and routine activity on the platform were not affected by the incident.