Binance co-CEO Yi He posted "User funds are SAFU" with a video statement addressing a major security incident on October 29-30, 2026.
The hack stole about $6.3 billion from hot wallets across multiple blockchains in roughly 20-31 minutes, with $3 billion of assets frozen through industry cooperation including stablecoin issuers.
Binance paused withdrawals temporarily, pledged to cover all losses using over $6.3 billion in company funds to maintain 1:1 user asset backing, and plans security audits plus law enforcement pursuit of suspected North Korean hackers. $ETH