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Binance has disabled withdrawals while it checks that the exchange is secure, co-founder He Yi said. Her announcement did not give a reopening time.
She told users:
Safety first: withdrawals are currently disabled until the environment is confirmed to be secure. We appreciate the understanding and support of all our users.
Her statement also thanked World Liberty Financial for freezing $27 million in USD1 and 48 million WLFI tokens, which she valued at roughly $2 million. The latter figure is her estimate of the tokens' value.
World Liberty Financial Chief Executive Zach Witkoff separately confirmed the $27 million USD1 freeze. The company said it worked with BitGo to freeze stolen WLFI and USD1 funds and would cooperate fully with the investigation. Its own announcement did not give a combined dollar total for the two tokens.
Changpeng Zhao has also offered a new assurance that losses will be covered. Responding to a post estimating roughly $1 billion in losses after USDT and USDC freezes, the Binance founder wrote:
Loss might be a bit higher than that, but will cover.
Zhao did not provide his own loss figure. The roughly $1 billion estimate came from the account he was replying to and has not been confirmed by Binance. He is speaking as a shareholder, having said earlier that he no longer manages the exchange.
He Yi also thanked Ripple for promptly freezing “approximately 200 million” in an earlier post. She did not identify the currency or token, so that number cannot reliably be added to a dollar tally of frozen assets.
Onchain analyst Wazz estimates that more than $5.6 billion was taken in the suspected Binance hack. The estimate comes from the analyst's own wallet tracking and has not been confirmed as a final loss total by the exchange.
Wazz initially estimated at least $5.57 billion across three chains, then flagged another $62 million involving wallets on Avalanche, Arbitrum, Optimism and Base. Apex has not independently verified the complete transaction accounting behind those figures.
In the follow-up, the analyst wrote:
You can add another $62M to the total of Binance hack
A separate post identified the wallet labeled Binance 14 as compromised and said it continued receiving deposits. Wazz alleged that a $200 million USDT deposit had been swept six blocks later, and attributed the wallet's vulnerability to a malicious EIP-7702 delegation. That technical explanation is the analyst's assessment, not a cause announced by Binance.
The exchange's latest statement says user funds are completely safe and that its security teams are investigating. It has not released its own asset-by-asset loss calculation.
Tether and Circle have directly confirmed large freezes through their chief executives. Frozen token balances and estimates of stolen assets measure different things; they should not be added together or presented as funds already returned to customers.
Binance now says user funds are completely safe, adding an explicit reassurance to its latest revised statement while the security investigation continues.
The stablecoin issuers have also spoken directly. Tether Chief Executive Paolo Ardoino said:
Tether froze more than 1.567B USDT related to a potential Binance exchange hack.
The issuer's figure is higher than the amount Zhao initially cited.
Circle Chief Executive Jeremy Allaire separately confirmed a freeze involving its USDC token:
In coordination with law enforcement, we have frozen more than 800M USDC associated with the incident and will continue supporting the investigation.
Together, those announcements put the amount frozen above $2.367 billion at the tokens' $1 face value. That is a combined minimum based on the two executives' statements, not an independently verified final loss total. Frozen tokens should not be counted as money already returned to the exchange or its customers.
Binance's new assurance comes from the exchange itself, going beyond the expectation of full coverage expressed earlier by founder Changpeng Zhao. Its announcement still describes a potential security issue under investigation, without identifying an attacker or explaining how the suspected breach happened.
Security firm PeckShield has also flagged unexpected large outflows from Binance hot wallets. Its warning did not provide a complete accounting of the affected assets or a confirmed dollar total.
Binance is investigating a possible security incident after founder Changpeng Zhao said it looked like the exchange had been hacked. The $2.6 billion loss figure remains unverified; the company has not announced a confirmed total.
Zhao, known as CZ, said Tether had frozen roughly $971 million and Circle roughly $823 million. Those are his reported freeze amounts, not an independently confirmed account of how much was stolen or recovered.
He said user funds were safe and wrote in a post:
I don't manage Binance (.com) anymore, but as a shareholder, I expect all user funds will be fully covered.
The exchange's own statement was more cautious:
Our teams are aware of reports of a potential security issue and are actively investigating.
Binance edited its announcement to remove an earlier sentence saying it had not confirmed any impact on user funds. The revised post still described an investigation, without confirming the reported loss.
The company said security teams were reviewing the information and would share verified updates through official channels. It also warned users about scams, unofficial links and messages, and requests for account information. The statement did not identify a cause, name an attacker or set out a reimbursement process.