CZ thanks Thai partner Gulf for backing Binance through two crises
- —Gulf Binance offered liquidity twice: after the 2023 $4B fine and now
- —Incident losses estimated at $6–6.3B, to be covered via SAFU
- —Binance TH paused crypto deposits and withdrawals, trading continues
- —Thai customer assets sit in segregated cold wallets, platform says
Why it matters: Partner liquidity helps Binance keep operations running while it works through a multi-billion-dollar balance sheet hole.
Source: Crypto Briefing