I believe funds are SAFU as CEO YI HE said and founder CZ The incident itself is an unfortunate one where On-chain data shows large drains from Binance-linked hot wallets (notably involving EIP-7702-style delegation or key compromise in a short window). Analysts (Chainalysis and others) estimate roughly $5–6B moved at the time of the theft—the largest reported crypto exchange-related event of its kind. The affected wallets appeared in Binance’s prior proof-of-reserves data as backing customer balances, creating a temporary shortfall (e.g., $ETH coverage dipping toward ~94% based on the Oct 1 snapshot) until replenished.