To the Binance community and fellow traders,
Following the recent security incident, I wanted to share a few thoughts based on the official updates we’ve received.
While it’s reassuring that Binance has committed to covering all direct losses using SAFU funds, corporate treasury, and the Futures Insurance Fund—bringing affected asset replenishment up to 90%+ with major tokens backed 1:1—the broader impact cannot be ignored.
Beyond direct asset theft, automated bulk-selling and system manipulation during the breach created severe market panic and sharp price crashes, leaving many spot holders facing painful portfolio drawdowns.
As withdrawal services resume today, November 1, 2026, my primary focus moving forward is securing my remaining funds, prioritizing safety, and transitioning away from holding assets on-exchange.
Transparency, robust security, and fair recovery for all market-wide impacts are critical for rebuilding trust. Stay safe, everyone.
#BinanceSAFUFundTransferCompleted7499BTC
#YiHe:ProofOfReserves:10TokensAt100%Backing #BinanceSquareTalks #updatenews $BTC $BNB $ETH
Following the recent security incident, I wanted to share a few thoughts based on the official updates we’ve received.
While it’s reassuring that Binance has committed to covering all direct losses using SAFU funds, corporate treasury, and the Futures Insurance Fund—bringing affected asset replenishment up to 90%+ with major tokens backed 1:1—the broader impact cannot be ignored.
Beyond direct asset theft, automated bulk-selling and system manipulation during the breach created severe market panic and sharp price crashes, leaving many spot holders facing painful portfolio drawdowns.
As withdrawal services resume today, November 1, 2026, my primary focus moving forward is securing my remaining funds, prioritizing safety, and transitioning away from holding assets on-exchange.
Transparency, robust security, and fair recovery for all market-wide impacts are critical for rebuilding trust. Stay safe, everyone.
#BinanceSAFUFundTransferCompleted7499BTC
#YiHe:ProofOfReserves:10TokensAt100%Backing #BinanceSquareTalks #updatenews $BTC $BNB $ETH
