16 hours ago
1
Key Takeaways
- CZ says outflows look like a Binance hack.
- Tether froze ~$971M, Circle about $823M.
- CZ expects user funds to be fully covered.
- Binance says no confirmed impact to user funds.
Zhao wrote on X at about 21:16 UTC that “user funds are safe” and that “it does look like a hack on Binance,” thanking Tether and Circle for freezing roughly $971 million and $823 million respectively.
User funds are safe!
It does look like a hack on Binance. Appreciate the quick freeze from Tether (~$971m) and Circle (~$823m).
I don’t manage Binance (.com) anymore, but as a shareholder, I expect all user funds will be fully covered.
— CZ 🔶 BNB (@cz_binance) October 29, 2026
Two messages, one minute apart
Zhao added that he no longer manages Binance.com, but that as a shareholder he expects all user funds to be fully covered. That is his expectation, not a commitment from the exchange.
Binance’s own ac...
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