The care our big sister and #Binance co-founder #heyi binance have shown this community over the past two days deserves our heartfelt gratitude 💛
She is pregnant, yet she has been working through the night with the @binance#team, continuing to share updates, answer questions, and stay closely connected with users throughout the response.
#Binance has taken responsibility, covering all losses through SAFU and company funds, and reaffirmed that users’ funds are safe.
What moved me was her personal commitment to this responsibility. She kept showing up to listen and help people understand what was happening. That kind of presence matters.
Big sister Yi He, thank you for showing such strength, patience, and sincerity under immense pressure. Thank you to every team member who has worked alongside you.
This community sees your efforts and stands with you. Please take care of your health and make time to rest. Your well-being matters to us too 💛
What #赵长鹏 did is unprecedented—even in traditional finance.
If a traditional bank woke up one morning to find that $6.3 billion had been stolen from its systems, what would happen next? An emergency board meeting. Regulatory intervention. An investigation. Liquidity concerns. Shareholders questioning management. Customers lining up for answers.
Years later, the original money would be gone for good, with nowhere to seek redress. Anyone who dared to make a fuss would be dealt with for causing trouble.
Now look at Binance, after an incident on a similar scale:
→ Promised to cover all confirmed user losses.
→ Announced it would use its own funds and SAFU to set aside $6.34 billion in reserves.
→ Nearly $3 billion in assets related to the incident have reportedly been frozen on-chain.
→ Promised to publish a technical post-mortem and update its proof of reserves.
There’s an important distinction here: traditional banks have deposit insurance and established resolution frameworks, but these don’t automatically cover every cyber theft.
In the United States, even FDIC insurance doesn’t cover losses caused by theft or fraud.
The bigger takeaway isn’t that “crypto is safer than traditional finance.”
It’s that crypto is developing a completely different model of financial accountability.
On-chain transparency, real-time asset tracking, programmable freezing mechanisms, and an exchange using its own capital to compensate users.
Imagine if the entire financial industry were judged by just this one metric:
When billions disappear, how quickly can a financial institution return every customer’s money? #BINANCE
#币安 —you don't need to worry about its security. I bet there won't even be a wave of withdrawals.
Compare it with the Bybit hack in February 2025: Bybit had $162 billion in user assets, of which $1.46 billion was stolen, a theft rate of 9.01%.
Binance had $5.64 billion in gross outflows this time. The official account just said it had frozen $3 billion, so the maximum loss would be $2.64 billion. And gross outflows don't necessarily all mean stolen funds— they also include transfers by Binance itself, customer withdrawals, and so on. So the loss amounts to 1.6% of its $165.12 billion in user assets.
Bybit is a smaller exchange, and it can afford to reimburse users for a 9% theft rate. Binance can all the more afford to reimburse users for a 1.6% theft rate. Anyone can work it out, so I bet there won't be much of a wave of withdrawals at all :)