What happened with Binance on October 29 had an impact around the world. But the story didn’t end that day.
In the hours that followed, our teams worked to contain the attack, our partners helped freeze billions of dollars in assets, and Binance took financial responsibility for the stolen funds.
We know this incident caused concern and raised many questions. That’s why explaining what happened is just as important as showing the actions we took afterward. Here are the results:
🔹 US$6.3 billion in diverted value, fully covered by Binance
🔹 ~US$3 billion frozen together with our partners
🔹 100% of affected funds replenished from our own reserves
🔹 0 users suffered losses
🔹 58 hours to resume normal operations (we had communicated 72)
No company chooses to be put to the test, but it can choose how to respond to that test. A relationship built on trust is especially proven in difficult times.
Thank you for continuing to trust us. 💛
In the hours that followed, our teams worked to contain the attack, our partners helped freeze billions of dollars in assets, and Binance took financial responsibility for the stolen funds.
We know this incident caused concern and raised many questions. That’s why explaining what happened is just as important as showing the actions we took afterward. Here are the results:
🔹 US$6.3 billion in diverted value, fully covered by Binance
🔹 ~US$3 billion frozen together with our partners
🔹 100% of affected funds replenished from our own reserves
🔹 0 users suffered losses
🔹 58 hours to resume normal operations (we had communicated 72)
No company chooses to be put to the test, but it can choose how to respond to that test. A relationship built on trust is especially proven in difficult times.
Thank you for continuing to trust us. 💛
