🚨 CEO Richard Teng Speaks: 🚨
Your Funds Are SAFU – Binance Will Cover Full $6.3B Loss!

Binance Co-CEO Richard Teng has released an important update about the 29 Oct security incident.

Here is what he said:

👉 your money is safe, and we're covering every loss. What was affected was Binance's own hot wallet, not user funds. We never use customer funds."

What happened?
The incident started with a compromised DevOps laptop. Attackers used EIP-7702 to bypass normal controls and authorize withdrawals. They also used self-destruct tools to hide traces. It was a complex, coordinated attack – not a single person's fault.

Binance Response:
✅ $6.34 Billion Secured – $5B already held in exact affected tokens (BTC, ETH, USDT, USDC, BNB), rest buying via OTC/market
✅ $3 Billion Frozen – With help of Tether, Circle, Law Enforcement & other exchanges
✅ No Private Key Leak Found So Far
✅ Withdrawals Rebuilding – Expected to resume before Sunday deadline (within 40 hours)
✅ Full Proof of Reserves Report – Coming by Monday
✅ Full Security Audit – Endpoints, Cloud, Key Management, Signing – Everything being reviewed

Richard Teng's Promise:
"Binance will absorb the financial impact of these stolen funds, not our users."

This is why Binance remains No.1 – User First, Always!

Funds Are SAFU – Zero Loss For Users!

#RichardTeng #FundsAreSAFU #BinanceStrong #CryptoUpdate #Binancesecurity