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He Yi: Binance will bear all losses from hacking attacks, ensuring the safety of user funds.

46 minutes ago

Binance CEO He Yi stated that user funds are secure, and Binance will cover all losses resulting from the hack. Deposits and withdrawals are temporarily suspended while the team conducts security checks, freezes related funds, and collaborates with law enforcement authorities. A full post-mortem analysis will be released after the investigation is completed. Please rely solely on official channels for updates.

Relevant content

Binance:已核实冻结总额升至约30亿美元

Binance has updated that its current verified total frozen assets stand at approximately $3 billion. The exchange’s team is continuing to collaborate with law enforcement agencies, issuers, on-chain intelligence bodies, and industry partners to track and freeze more assets, stating it will only release confirmed data. This update follows the platform’s prior disclosure of a verified frozen amount of $2.54 billion.

1 seconds ago

WLFI has frozen approximately $27 million in assets linked to the Binance incident.

World Liberty Financial co-founder and CEO Zach Witkoff posted that USD1 has actively frozen approximately $27 million in USD1 tokens linked to the Binance hack incident, and will collaborate with industry partners to protect users and prevent the transfer of stolen funds.

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Binance Stolen Funds Update: Approximately $2.829 Billion in Total Frozen, Arbitrum and Paxos Refreeze Related Assets

Arbitrum has frozen approximately $30.5 million worth of ARB, while Paxos has frozen around $215,700 worth of USDP. According to on-chain analyst Specter, the total cumulative frozen amount stands at roughly $2.829 billion. The figures are based on on-chain monitoring data and have not yet been officially confirmed.

1 seconds ago

SlowMist’s Yu Xian: The Binance attacker’s on-chain operations were crude and had prior rehearsals, with EIP-7702 used solely to streamline bulk fund siphoning.

SlowMist founder Yu Xian posted that attackers adopted EIP-7702 on Ethereum primarily to facilitate the bulk siphoning of tokens from Binance-associated hot wallets. On-chain data shows the attackers' operations were relatively crude, and they conducted several hours of rehearsal preparations before the actual token heist. One can refer to the first five transaction records of the relevant addresses for details. Yu Xian noted that the EIP-7702 mechanism itself has no issues, and even without the protocol, there would still be other ways to achieve similar effects.

1 seconds ago

KuCoin: Platform Unaffected, User Assets Remain Secure

KuCoin officials announced on social media that they have noticed reports circulating online about a security incident affecting multiple platforms. KuCoin was not impacted, user assets remain secure, its systems are operating normally, and both trading and withdrawal services are fully functional.

1 seconds ago

A hacker dumped 7.77 trillion PEPE tokens stolen from an attack on Binance’s hot wallet, exchanging them for 14,049 ETH.

According to on-chain analyst Ai Yi (@ai_9684xtpa), hackers have dumped all 7.77 trillion PEPE tokens from Binance’s hot wallet into 14,049 ETH, driving the token’s price down 12.33% and totaling over $31.9 million, with an average sell price of approximately $0.0000041. As of now, the unrealized profit on the 11.8 trillion PEPE tokens Justin Sun has transferred out since October 17 has shrunk to $4.45 million.

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