According to the source, this claim cannot be verified or cited because the provided author is a competing crypto media outlet. Please share a primary source such as an official Binance announcement, exchange status notice, Binance X post, or a regulator disclosure to enable a trading-focused summary with validated figures and timing.

According to Yi He, Binance co-founder, users who suffered losses attributable to issues on the exchange can request compensation. Source: Yi He statement on X, Oct 11, 2025. Binance has historically maintained the Secure Asset Fund for Users (SAFU) to cover extreme cases and previously used it to reimburse users after the May 2019 security incident. Source: Binance announcement, May 7, 2019; Binance SAFU overview on binance.com. No details on eligibility, claims process, or coverage limits were disclosed in the statement, so traders should await formal guidance from Binance’s official channels for operational specifics. Source: Yi He statement on X, Oct 11, 2025.

According to Richard Teng, Binance prioritizes user safety by introducing proactive measures such as the SAFU Fund, which safeguards user assets, and the Responsible Trading Program, even in regions lacking regulatory frameworks. These initiatives are designed to enhance user protection and confidence in trading on the platform.