Binance: Covers All Losses, Suspends Deposits
Binance stated it will cover all losses from the incident while suspending deposits and withdrawals for security checks, fund freezes, and law enforcement cooperation.
SourceAnalysis
Binance will cover all losses. As a precaution, all deposits and withdrawals are temporarily suspended while the team conducts security checks, freezes funds, and works with law enforcement. The exchange is working around the clock and will share a full post-mortem once the investigation is complete.
Binance
@binanceThe leading global cryptocurrency exchange, providing a platform for trading hundreds of digital assets. This official channel announces new token listings, product launches, security updates, and educational initiatives that shape the landscape of the digital finance industry.