He Yi: Binance's Net Affected Funds Around $3 Billion+, Over 2% of User Assets and Reserves

October 30: According to a video posted on X by Binance co-founder He Yi, in this hot wallet theft incident, the net scale of affected funds was three-something billion US dollars, accounting for over 2% of user assets and publicly disclosed reserve assets. He Yi said user funds are SAFU, and that withdrawals were suspended to ensure asset safety, and she thanked industry practitioners for their assistance. Binance will continue to step up security investment and intensify its crackdown on hackers. She also thanked industry practitioners for their collective help.