Solana-based privacy protocol Privacy Cash has announced a suspension of deposits following the inflow of funds stolen from Binance.

Privacy Cash, a privacy protocol, announced on X that it is temporarily suspending all deposit services, while withdrawal functions remain fully operational. The official stated: "Our original goal in creating Privacy Cash was to provide privacy tools for ordinary people, not to facilitate crime. In light of the recent Binance hack, we must ensure bad actors do not misuse our product." During the suspension, the team will continue to strengthen its wallet screening system, with a specific resumption date to be announced later. According to on-chain analytics firm Elliptic, approximately $1.2 million in stolen ETH and SOL from Binance has flowed into Privacy Cash's privacy pool. Of that amount, around 41 ETH and 9,600 SOL (totaling roughly $1 million) entered on November 3, followed by an additional ~2,300 SOL. This sum represents a tiny fraction of Binance's total stolen funds, which are valued at around $6 billion. Privacy Cash is a zero-knowledge (ZK)-based privacy protocol that supports networks including Solana, Ethereum, Base, BNB, Hyperliquid, and Robinhood Chain. After users deposit assets into the shared pool, they can withdraw to any address via ZK proofs, cutting off on-chain links. The protocol is backed by Alliance DAO, has processed over $600 million in trading volume, and has undergone multiple security audits. The suspension is a proactive compliance and risk control measure taken by the privacy protocol following the large-scale Binance hack on October 29. Assets already deposited by users can still be withdrawn normally.