He Yi: Binance will cover all losses from the theft, deposits and withdrawals temporarily suspended.

On October 30, Binance co-CEO He Yi posted on X at 08:04 Beijing Time, stating that user funds are secure and Binance will cover all losses resulting from this hacking incident.

He Yi noted that deposits and withdrawals on Binance have been temporarily suspended while the team conducts security checks, freezes related funds, and cooperates with law enforcement. Upon completion of the investigation, Binance will release a comprehensive post-incident review report. She also reminded users to rely solely on information published through Binance's official channels.

previously reported that CZ stated the actual loss from this incident may slightly exceed $1 billion, and expects user funds to be fully covered. The situation is still developing; please exercise caution.