He Yi Says Binance Will Cover All Hacking Losses and Suspends Deposits and Withdrawals
Binance cofounder Yi He said user funds are safe and Binance will cover all hacking losses. Deposits and withdrawals are temporarily suspended while the team conducts security checks, freezes funds and works with law enforcement. A full postmortem will be shared after the investigation. Users should rely only on official Binance channels for updates.