OfficialrecoveryStatement 286
Binance will cover all stolen funds related to this incident through our Secure Asset Fund for Users (SAFU) and our corporate treasury.
Binance said it would cover all stolen funds through its SAFU fund and its corporate treasury.
This line is our short summary of the quote below. The quote is the evidence.
Cited in theories
- How the SAFU fund compares with the reported loss: Context. Binance names SAFU and the corporate treasury as the sources.
Other statements from the same source
OfficialwithdrawalsStatement 738
Binance stated that it temporarily suspended withdrawals while conducting additional security reviews and implementing remediation measures.
Temporarily suspended withdrawals while conducting additional security reviews, implementing remediation measures and validating the integrity of affected systems.
OfficialreservesStatement 173
Binance said in its Security Incident Update #2 that it was buying the remaining 20% of the lost token assets, planned an initial Proof of Reserves snapshot in 12 hours, and expected the result by Monday 2026-11-02.
We are buying the remaining 20% of the lost token assets. We plan to run an initial Proof Of Reserves snapshot in 12 hours and have the result ready by Monday 2026-11-02.
OfficialrecoveryStatement 169
Binance said in its Security Incident Update #2 that it had set aside more than $6.34B in company funds, with $5B held in the exact impacted token assets, which it said meant it had covered approximately 80% of the impacted amount.
We have already set aside more than $6.34B in company funds, with $5B held in the exact impacted token assets that were stolen, such as USDC, USDT, BTC, ETH, BNB, etc. This means that we have already covered approximately 80% of the impacted amount.
OfficialresponseStatement 168
Binance said in its Security Incident Update #2 that Binance will absorb the financial impact of the stolen funds, not its users.
We want to be clear about our commitment: Binance will absorb the financial impact of these stolen funds, not our users.
OfficialresponseStatement 289
Binance told users in its second 30 October update to follow only its official channels or contact official Customer Support for verified updates.
For verified updates, please follow Binance's official channels only, or contact us directly through the official Customer Support.