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Bumped into the legend @cz_binance at #BinanceBlockchainWeek Dubai ๐ฅ
THE GREEN SHOES (BULLISH) ARE STILL UNDEFEATED ๐
Always a vibe, CZ!
Letโs keep building ๐ซก๐
๐จ Binance Co-CEO Richard Teng Speaks Out on Latest Security Incident
How did Binance respond to a sophisticated cyberattack, and what does it mean for the future of crypto security?
In exclusive interviews with Fox Business and CNBC, #Binance Co-CEO Richard Teng addresses the incident, the steps taken to protect users, and how Binance is strengthening its security infrastructure.
๐ Key Takeaways:
๐ User Funds Remain Protected
Binance has taken full financial responsibility for the incident. More than 100% of the affected amount has been set aside, and 98% of impacted assets have already been replenished.
๐ Security Infrastructure Strengthened
All identified entry points have been closed, affected systems rebuilt or replaced, and additional security measures introduced, including tighter device controls, enhanced wallet-service risk controls and expanded AI anomaly detection.
๐ 57 Cyberthreats Prevented
Binance detected and prevented 57 other suspected cyberthreat cases linked to North Korea this year.
๐ $2.85 Billion Frozen or Intercepted
Through coordination with law enforcement, issuers and blockchain intelligence firms, approximately $2.85 billion has been frozen or intercepted.
๐ AI Is Changing Cybersecurity
Cyberattacks are becoming faster and more sophisticated. AI-powered defence is becoming essential to identify and prevent threats at scale.
The crypto industry must continue investing in stronger infrastructure, advanced AI security and user protection.
Security isnโt just about preventing attacks. Itโs about how quickly and responsibly you respond when they happen.
๐ Join Binance now:
๐ accounts.binance.com/registeโฆ
๐ Code: 139196532
What REALLY happens behind the scenes at #Binance? ๐
From market trends and global expansion to India's #crypto future, I sat down with SB Sekar, @Binance APAC Head, for an exclusive conversation.
We discussed the things happening beyond the headlines and what lies ahead for the crypto industry ๐
Watch the full interview now ๐
What an amazing day 1 at IBW ๐ฎ๐ณ
Day 1 at India Blockchain Week was pure energy.๐ฅ๐ฅ
Met so many amazing people โ founders, builders, KOLs, and the real OGs who have been in this space for years. The conversations, the vibes, and the connections made today were next level.
Grateful to be part of this.
#IBW2026 #IndiaBlockchainWeek #Web3Mumbai
Amazing podcast session at India Blockchain Week with @dsbihari2 bro ๐ฅ
Had a great podcast with @CryptoKingKeyur discussing crypto markets, altcoins, market trends, and whatโs next for the crypto space! ๐
An insightful conversation packed with perspectives, ideas, and some interesting takes on the market.
Stay tuned! ๐ฅ
#Crypto #Bitcoin #Altcoins #CryptoMarket #Blockchain #Web3 #CryptoPodcast #BTC #Ethereum #Cryptocurrency
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Lots of fun at India Blockchain Week ๐ฎ๐ณ
Day 1 of India Blockchain Week 2026 at Fairmont Mumbai has been an incredible learning experience and Lots Of Fun.
Had the privilege of meeting @cryptoady
(Co-founder, Crypto India) and @simplykashif
(Founder, Bitinning) Actually Both Extremely insightful Conversations around the Indian crypto landscape, Education, and the evolving ecosystem
Also got to connect with @CryptoKingKeyur
During his podcast session
Energy and Depth of discussions around Market structure and community building Were eye opening One clear takeaway
See you all Tomorrow
It was great meeting you bro @CryptoPraveen70 ๐ฅ
Thanks for the hospitality @kundansingh134 bhai ๐ฅ
It was an amazing day at India Blockchain Week ๐
Some connections in Web3 feel special! ๐ค๐ฅ
Every time I meet @CryptoKingKeyur itโs always a great vibe.
Beyond crypto, itโs all about genuine connections, shared passion, and growing together. โค๏ธ
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It was great recording a podcast it with at India Blockchain Week @smckapildev ๐ฎ๐ณ
๐ฅ Had an amazing time meeting @CryptoKingKeyur at India Blockchain Week (IBW) 2026, Mumbai! ๐ฎ๐ณ๐
๐๏ธ We also recorded an exciting podcast discussing Crypto, Blockchain & the future of Web3.
Great conversations, valuable insights, and positive vibes! ๐ค๐
Stay tuned for the podcast! ๐ฅ
#IBW2026 #CryptoKingKeyur #SMCKapilDev #Crypto #Web3 #Blockchain
Great catching up bro @IITian_InCrypto ๐ฅ
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Great catching up @earnwithsstube ๐ฅ
๐ฅ Mumbai vibes, powerful connections & next-level conversations! Great catching up with @CryptoKingKeyur at #IBW2026. The future of Web3 is looking exciting! ๐๐ค
#IndiaBlockchainWeek #Crypto #Web3 #cryptokingkeyur #mumbai
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IBW is all about people, conversations and building the future together ๐
Caught up with @CryptoKingKeyur at India Blockchain Week in Mumbai. The energy here is unreal. From networking to real alpha, this is what crypto community looks like. ๐ฅ
#IBW2026 #IndiaBlockchainWeek #CryptoKingKeyur #Web3 #Mumbai
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Great meeting you bro @cryptowaladmc ๐ฅ
Podcast station @CryptoKingKeyur ๐ฅ
One of the humble guy of crypto industry !
- Something exciting will coming โฃ๏ธ
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India Blockchain Week ๐ฎ๐ณ
Great meeting Crypto King Kayur, one of the biggest influencers in the crypto space. Always great to connect with like-minded people! ๐๐ค
@CryptoKingKeyur
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๐จ Binance Update: 90% of Affected Funds Now Covered
1๏ธโฃ 90% of Funds Covered
๐ Binance will absorb the financial impact of the stolen funds, not users.
๐ Over $6.34B in company funds has been set aside.
๐ Coverage has increased from 80% to 90%.
2๏ธโฃ 10 Tokens 100% Backed
๐ BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are fully backed.
๐ Remaining tokens are being purchased through market and OTC channels until 100% coverage is achieved.
3๏ธโฃ Replenishment Sources
๐ Partial SAFU deployment (balance viewable, with deployment taking approximately 24 hours).
๐ A portion of the Futures Insurance Fund, while maintaining the required regulatory balance.
๐ Binance corporate treasury.
๐ Industry partners are helping source the remaining less-liquid tokens, which account for the outstanding 10%.
4๏ธโฃ Proof of Reserves
๐ New PoR snapshot taken on October 31, 00:00 UTC, is already live.
๐ Full zero-knowledge proof takes approximately 40โ50 hours.
๐ Users can verify 1:1 backing.
๐ Full proof is expected by Tuesday, November 3 (UTC).
5๏ธโฃ Withdrawals
๐ Withdrawals remain on track to reopen Sunday, November 1.
๐ Further updates on remaining acquisitions and withdrawal details will follow.
Binance remains committed to protecting users, replenishing affected assets and maintaining transparency.
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๐จ Binance Recovery Update
Binance has shared another update on its ongoing recovery efforts.
Hereโs where things stand:
1๏ธโฃ $6.34B+ Reserved
More than $6.34 billion in company funds has already been set aside to cover the incident.
2๏ธโฃ $5B in Exact Token Assets
Around $5 billion is already held in the exact impacted assets, including USDC, USDT, BTC, ETH, BNB, and others.
3๏ธโฃ ~80% Coverage
The funds already secured cover approximately 80% of the impacted amount.
4๏ธโฃ Remaining Assets Being Acquired
Binance is actively purchasing the remaining relevant token assets through market and OTC channels.
๐ข Binance will continue sharing updates through its official channels.
nitter.gq/binance/status/2116258โฆ
๐จ Binance Official Update
#Binance has shared a major update regarding the ongoing security incident.
Here are the key developments:
1๏ธโฃ Asset Recovery Underway
Binance has started recovering affected user assets and is working with law enforcement, token issuers, blockchain intelligence firms, and industry partners to recover more funds.
2๏ธโฃ $6.34 Billion Reserved
Binance has reserved over $6.34B in company funds to cover the incident, including $5B held in the exact token assets affected.
3๏ธโฃ Public Proof of Reserves
All user funds will be publicly verified through Binanceโs Proof of Reserves.
4๏ธโฃ $3 Billion Frozen
Around $3B has already been frozen, thanks to support from industry partners.
Stay calm, avoid misinformation, and follow only official Binance channels for verified updates ๐จ
Binance has begun recovering affected assets for users and continues to work with law enforcement, issuers, blockchain intelligence firms and industry partners to trace, freeze and recover additional funds.
The company has already publicly committed to cover losses through company funds in the prior announcement.
Binance has already reserved over $6.34B of company funds to cover this incident. $5B of these funds are already held in the exact token assets that were impacted. We are completing the purchase of the remaining amount by buying token assets through market channels and OTC channels. We are doing this to match the format of the remaining token assets and address any asset shortfalls. This step can take longer because some tokens may have low liquidity and OTC settlement also takes time. We will share more progress as soon as we can.
These figures do not include frozen or protected assets, which remain subject to ongoing recovery and verification. Currently, $3bn has been frozen, with thanks to our industry partners. We are working with partners and law enforcement to recover the frozen assets.We will continue to use company resources to cover confirmed shortfall and will provide further verified updates as recovery efforts progress. Ultimately, all user funds will be verified publicly through our Proof of Reserves.
We will weather this storm. Thank you for the support.
๐จ BINANCE SECURITY UPDATE: USER FUNDS ARE SAFE ๐
#Binance has officially addressed reports of a potential security issue. The team is actively investigating and working with law enforcement and industry partners.
Hereโs what the community needs to know ๐
๐ข IMPORTANT:
โจDon't spread unverified information or create unnecessary panic. Wait for official updates directly from #Binance
Stay safe. Stay informed.
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Donโt forget to repost the first post and follow for more updates ๐
๐จ BINANCE SECURITY UPDATE: USER FUNDS ARE SAFE ๐
#Binance has officially addressed reports of a potential security issue. The team is actively investigating and working with law enforcement and industry partners.
Hereโs what the community needs to know ๐
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