CZ: Binance appears to have been hacked, approximately $1.794 billion in stablecoins have been frozen.

PANews October 30 news: Binance founder CZ posted on X platform that user funds are safe, and this indeed appears to be a hack targeting Binance, thanking Tether (approximately $971 million) and Circle (approximately $823 million) for quickly freezing the related funds. CZ stated that he no longer manages Binance.com, but as a shareholder, he expects all user funds to be fully covered. Previously, Binance officially stated that it is investigating potential security issues and has not yet confirmed that user funds were affected.

PANews October 30 news: Binance founder CZ posted on X platform that user funds are safe, and this indeed appears to be a hack targeting Binance, thanking Tether (approximately $971 million) and Circle (approximately $823 million) for quickly freezing the related funds. CZ stated that he no longer manages Binance.com, but as a shareholder, he expects all user funds to be fully covered. Previously, Binance officially stated that it is investigating potential security issues and has not yet confirmed that user funds were affected.