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CZ: Binance’s loss in this incident may be slightly over $1 billion, but the exchange will fully cover the amount.

53 minutes ago

Binance founder CZ responded to DeFiLlama founder 0xngmi’s analysis on Binance’s asset losses, stating that the total loss could be slightly over $10 billion, but Binance will cover the related losses. Earlier, 0xngmi published a post noting that Binance’s custodial assets stood at roughly $1.44 trillion, estimating a final loss of around $10 billion after the freezing of USDT and USDC, which accounts for just 0.69% of its total custodial assets — a loss Binance can easily absorb via its balance sheet.

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Paxos: Has frozen 1,906 PAXG tokens linked to the Binance hack incident.

Stablecoin and wrapped token issuer Paxos stated in a social media post that earlier today, public reports indicated Binance had been impacted by a security incident. Blockchain analysis revealed that PAXG tokens held on the Binance platform were transferred to addresses suspected to belong to attackers. After verifying the reports through its own blockchain investigation, Paxos froze 1,906.67 PAXG tokens in the wallet at address 0x5227f603C1eE34CE3C06eFe6477003BDfCCB2f8c. The Paxos system was not affected by the incident. Reserves for PAXG, PYUSD, and USDG remain fully intact, and redemptions continue to function normally. Paxos will provide updates as additional details emerge.

2 minutes ago

Binance has frozen funds related to the $2.54 billion theft incident so far.

Binance noted in a social media post that it has observed varying figures circulating publicly related to frozen funds, including the cited $1.8 billion. To clarify, the currently verified total frozen amount stands at $2.54 billion. As its team collaborates closely with law enforcement, issuers, blockchain intelligence firms, and industry partners to track and freeze additional assets, this figure may continue to rise.

2 minutes ago

Aave: As a precautionary measure, all DAO-operated markets in V3 and V4 have been frozen.

Aave stated on social media that it is aware of reports regarding potential impacts on wallets linked to Binance. Aave’s contracts are unharmed, and its positions remain overcollateralized. As a precaution, all DAO-governed markets in V3 and V4 have been frozen. The freeze suspends new deposits and borrowings, though users can still withdraw funds and repay their existing positions. Aave will continue to monitor the incident’s developments and restore normal operations promptly.

2 minutes ago

Ripple: Actively freezing funds affected in the Binance hack incident

Ripple’s Senior Vice President of Stablecoins Business Jack McDonald said in a social media post that Ripple is closely monitoring reports of a possible attack on Binance and that the attacker holds RLUSD. The company is actively freezing affected funds, coordinating with relevant parties, and stands ready to support any investigations and appropriate actions to protect its users.

2 minutes ago

Binance has announced the suspension of Alpha trading, which will be resumed once security issues are resolved.

Binance officials announced on social media that Binance Alpha trading has been temporarily suspended, covering operations including CEX token purchases via spot wallet funds, Alpha instant trading, and CEX prediction markets. Trading will resume once the security issue is resolved, and user funds remain secure at this time.

2 minutes ago

Bybit: The platform has not been affected in any way and is willing to provide all types of assistance to Binance.

Bybit Founder and CEO Ben Zhou noted that reports of security incidents across multiple platforms are circulating on social media. Bybit has not been impacted at all; its systems are functioning normally, trading and withdrawal services remain operational, and user assets are secure. He added that Bybit is willing to provide all forms of assistance to the Binance platform.

2 minutes ago

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