Binance CEO He Yi said user funds were safe and Binance would bear losses from the reported hack, according to a BlockBeats report citing her statement.
Temporary pause during checks
The report said deposits and withdrawals were temporarily suspended while Binance conducted security checks, froze funds and cooperated with law enforcement. It did not give a timetable for restoring those functions.
Investigation remains open
He Yi said Binance would share a full post-mortem after the investigation. The original post was not independently retrieved for this brief, so the loss, incident scope and user-funds statement remain attributed rather than independently confirmed.
Source: BlockBeats report, published October 30, 2026 (China time).