During these 20 seconds while deposits and withdrawals are paused, check only four things. $BNB
1. Have deposits and withdrawals actually been paused? 2. Is anyone asking you to transfer to a new address or share your recovery phrase? 3. Does the amount you see say “frozen” or “stolen”? 4. Are you waiting for the next update only from official announcements?
If anything doesn’t match, stop. Save this image, and don’t share unconfirmed numbers.
First, ask yourself: Are your coins currently in your Binance account or in your own wallet? $ETH
With deposits and withdrawals suspended, what’s stuck is moving funds in and out of the exchange. The portion you’ve already withdrawn, with the seed phrase in your hands, isn’t affected by this button being pressed today.
Until you’ve figured that out, don’t follow anyone else’s lead and transfer your coins.
Binance will never message you privately to ask for your seed phrase. $BTC
When deposits and withdrawals are suspended, treat compensation pages, claims of accelerated processing, and emergency consolidation addresses as fake. Real updates are posted in official announcements.
If a link comes from a private message, stop right there.
Binance has suspended both deposits and withdrawals. $BNB
The suspected security incident is still under investigation. The amount stolen has not been officially confirmed.
For now, focus on just three points: deposits and withdrawals are suspended, the amount has not been determined, and updates are pending an official announcement. Don’t treat figures circulating elsewhere as confirmed conclusions yet.
What are you most eager to see officially confirmed?
1. Have deposits and withdrawals been paused? 2. Has anyone asked you to transfer funds to a new address or share your recovery phrase? 3. Does the amount you see say “frozen” or “stolen”? 4. Are you waiting for the next update only from official announcements?
If your withdrawal still shows as processing, don't submit it again.
Deposits and withdrawals have been paused. Submitting again won't make it go faster. If you have a txid, open it yourself in the corresponding explorer. If there's no txid, the funds are still in Binance's internal process.
The thing you should be least likely to repost right now is a stolen amount presented as a confirmed figure.
There are estimates circulating, but nothing has been officially confirmed yet. Calling an estimate “already stolen” means spreading a figure that hasn’t been confirmed.
I’ll keep it to three points: deposits and withdrawals are suspended, the amount is unconfirmed, and you should only follow official announcements.
The official statement says losses will be covered and user funds are safe. The announcement does not yet say when deposits and withdrawals will resume.
So for now, there are only two things worth doing: wait for the next update from official channels, and reject any compensation links.
When there is no timeline, don't make one up yourself.
Are you more concerned about when services will resume, or how compensation will be calculated?
Deposits and withdrawals are suspended. This does not mean you should transfer your coins to a new address to cooperate with an investigation.
Anyone telling you to transfer your funds to a “safe address” right now is not trying to help you. If your wallet prompts you to enter your recovery phrase, close it.
Stay where you are and wait for the official announcement that services have resumed.
During these few hours when deposits and withdrawals are suspended, private messages are more dangerous than the announcement.
Binance will never privately message you asking for your seed phrase, nor send you a link telling you to transfer your coins to an “emergency collection address.”
If a link comes from a private message or a group file, stop right there. Only check announcements on the app and official website.
Have you received a private message like this today?