He Yi: Ripple and WLFI helped freeze assets as Binance halts withdrawals
- —Ripple froze roughly $200 million in assets tied to the incident
- —WLFI froze $27 million in USD1 and 48 million WLFI (~$2 million)
- —Binance paused withdrawals pending a safety confirmation
- —On-chain data earlier pointed to outflows of up to $5.6 billion
Why it matters: The freezes and withdrawal halt will shape the assessed damage and trust in the largest exchange.
Source: PANews