Security· ★★★★★· bearish·

Binance halts all deposits and withdrawals after hack, vows to cover all losses

  • —Binance widened its halt from withdrawals to all deposits and withdrawals
  • —$2.54 billion frozen; DefiLlama's 0xngmi estimates net losses near $1 billion
  • —Binance's public wallets hold about $144 billion; SAFU holds 15,000 BTC (~$1.15 billion)
  • —No timeline given for resuming deposits and withdrawals
Why it matters: The largest exchange has pledged full reimbursement, but the settlement freeze and the scale of losses will shape market confidence in Binance.
Source: 動區 BlockTempo