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Binance Vows to Cover All Losses
Yi He says Binance will cover all hack losses, suspends deposits and withdrawals, and will publish a full post-mortem.
Key points
- Binance says user funds are safe and it will cover all hacking losses.
- All deposits and withdrawals are temporarily suspended while the team conducts security checks, freezes funds, and works with law enforcement.
- Binance says it will share a full post-mortem once the investigation is complete.
Key points and the reaction summary are written by AI from the posts on this page. Check the original post. How we use AI
Original post
User funds are safe.
Binance will cover all hacking losses.
Deposits and withdrawals are temporarily suspended while our team conducts security checks, freezes funds, and works with law enforcement.
We will share a full post-mortem once the investigation is complete. Please rely only on official Binance channels for updates.
What others are saying
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Binance @binance 4,913
Binance says it is working nonstop and will cover all losses, suspending deposits and withdrawals amid security checks.
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From @iiicemann24, @RunnerXBT, @timoroanwizard and others. Spam removed, with English and Chinese translations.
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