Chief

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.

Our investigators are observing never-seen-before laundering patterns with the stolen funds from the Binance exploit. Thousands of transactions in a short period suggest that the attackers are using automation to obscure the trail of funds. Rather than simply moving funds onward, they repeatedly circulate them among addresses, often sending funds back to addresses involved earlier in the sequence. Read more: chainalysis.com/blog/binance…

Binance hackers now hold 4x as much Eth as the EF

will block any account that screams "meh decentralization," to these freeze updates on stolen funds you don't care about the users affected. you want hackers to win and send this industry to zero

**Service Update** Deposits remain unaffected and continue to operate as normal. Our team is currently working on enhancements to the withdrawal service and related address controls. We expect to begin resume withdrawal services in the next 48 hours. We will continue to share updates through official Binance channels as progress is made.

hace menos de un mes se descubrieron dispositivos Ledger manipulados con chips espía capaces de robar claves. ¿y todavía me vienes con que una cold wallet lo soluciona todo? ni siquiera tomando precauciones estás completamente a salvo. es muy fácil dar lecciones cuando no te ha tocado a ti.

it happened to be the same week I moved funds from keystone to binance, this one really hurt me. I hope my funds are safe cos my withdrawal has been processing for the past 20 mins

really sad to see Moving all funds to a centralized exchange for now

If there’s something I’ve learnt this year, it’s patience. it might take a while but we will get there

you don’t need to follow/interact with 50+ protocols on @Enter_Elysium just be positioned on 2-3 solid projects and you’re good see you on the side that prints