He Yi clarifies that Binance’s own assets can cover most of the stolen tokens, with only a small amount needing to be purchased both on and off the exchange.

Binance CEO He Yi said the recent hack involved approximately $6.3 billion in assets, and with assistance from industry partners, around $3 billion in assets has been frozen. She thanked all industry parties for their support, and stated that Binance will use its own corporate funds to cover the stolen assets, ensuring full parity with user funds. Regarding withdrawal arrangements, He Yi noted that the withdrawal suspension has lasted nearly a day, and is expected to resume within the next 42 hours. The pause was implemented to protect remaining assets; the team is currently rebuilding the security environment, wallet configurations, and conducting security reviews. Withdrawals will only be re-opened once the environment is confirmed secure and poses no risk to user assets. He Yi clarified that Binance’s daily revenue and held assets are mostly in cryptocurrencies, which align with most of the currencies involved in the stolen funds. Only a small portion of assets needs to be purchased via on-exchange or over-the-counter (OTC) channels, meaning it is not necessary to deploy the full $6 billion+ to repurchase coins in the market. On reserve verification, Binance will update its Proof of Reserves (PoR) in the coming days for users to verify their own assets. Regarding the investigation, He Yi said that based on current reviews from security and technical teams, the incident is a complex multi-vector attack. Future operations will be more cautious. Binance will release a detailed technical security audit report in the future, and invite industry participants to jointly build security environments and standards. She also stated that Binance will not abandon tracking the attackers, will collaborate with global law enforcement agencies to continue tracing the attack team and stolen funds, and will take further actions in security investment and combating hacking.