Binance: SAFU Fund Covers All Losses

Binance confirmed it will fully cover losses from the security incident through the SAFU Fund and corporate funds, stating user funds are safe. The exchange described a complex attack involving multiple breach points beyond an initial compromised laptop, paused withdrawals to stop outflows, and frozen around $3 billion in assets while coordinating with law enforcement. Withdrawals are expected to resume in 45 hours with deposits unaffected.