Binance co-founder Yi He says withdrawals to resume within 48 hours after $6.3B hack; ~$3B frozen, losses covered by SAFU fund

Binance co-founder Yi He says deposits are operating normally and withdrawals are expected to resume within 48 hours after pausing them following a security incident estimated at $6.3 billion. About $3 billion in affected assets have been frozen on-chain with blockchain partners, and the exchange says it will cover all losses via its SAFU fund and company reserves.

Detected & updated continuously · Source: Nebula