fundsaresafu

🚨 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

🔐 BREAKING: Binance Secures $6.34 Billion – Funds Are SAFU – Zero Loss Guarantee🛡

Today, 30 Oct 2026, Binance has confirmed full protection after the biggest hack in crypto history.

KEY HIGHLIGHTS:
✅ $6.34 BILLION SECURED: Binance has allocated $6.34B from company reserves and the SAFU Fund to cover all losses. Zero loss for users.

✅ $5 BILLION ALREADY HELD: The exact affected tokens are already held in reserves and being restored to users.

✅ $1.34 BILLION MARKET BUY: Remaining shortfall is being bought via OTC and open market to keep the market stable.

✅ $3 BILLION FROZEN: Thanks to industry partners (Tether, Circle) and law enforcement, $3B of stolen assets have been frozen on-chain.

✅ TRANSPARENCY: Full recovery will be publicly verified via Proof of Reserves (PoR) audit.

SAFU FUND - ZERO LOSS GUARANTEE. Your funds are 100% SAFE on Binance.

#BİNANCE #SAFU!👇 #CryptoNewss #FundsAreSAFU #BinanceSecure