Binance co-CEO He Yi said user funds remain safe and that the exchange will absorb all losses caused by the latest hacking incident. In a post on X at 08:04 Beijing time, she said Binance had temporarily suspended both deposits and withdrawals while its team conducts security checks, freezes related funds, and works with law enforcement. He Yi added that the company will release a full post-incident review once the investigation is complete, and urged users to rely only on information published through Binance’s official channels. Earlier, CZ said the actual losses from the incident may be slightly above $1 billion and said user funds are expected to be fully covered. The statements outline Binance’s immediate response steps and its position that customer balances will not bear the loss from the attack.
According to ChainCatcher, Binance co-CEO He Yi said in a post on X at 08:04 Beijing time that user funds are safe and Binance will cover all losses caused by the hack.
He Yi said Binance has temporarily suspended deposits and withdrawals. The team is carrying out security checks, freezing related funds, and cooperating with law enforcement.
She said Binance will publish a full incident review after the investigation is completed. She also told users to rely only on information released through Binance’s official channels.
Earlier, CZ said the actual losses from the incident may be slightly above $1 billion and said user funds are expected to be fully covered.
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