Binance theft incident tracking

According to a post by OKX founder Star on X, he affirmed Circle and Tether's handling performance in the suspected theft incident at Binance and called for industry participants such as exchanges and stablecoin issuers to work together to establish a comprehensive industry security response mechanism.Star proposed that the industry needs a real-time early warning system: once a hacker attack occurs, participants can share information and coordinate a rapid response immediately, and temporarily freeze suspicious funds before the stolen funds are transferred or laundered. He emphasized that speed is key, and standardized processes should be established, responsibilities clarified, and appropriate safeguards put in place to ensure that handling is completed within minutes rather than hours or days; protecting users and their assets should be a shared responsibility of the entire industry, not just a single platform.Earlier reports indicated that Circle stated it had cooperated with law enforcement to freeze over 800 million USDC related to the incident, and Tether also froze several related USDT.

Binance stated in a social media post that it has noticed different figures circulating publicly regarding the frozen amount, including 1.8 billion dollars. It needs to be clarified that the currently verified total frozen amount is 2.54 billion dollars.Binance indicated that as the team works closely with law enforcement, issuers, blockchain intelligence companies, and industry partners to track and freeze more assets, this number may continue to increase.

Binance officially announced on social media that Binance Alpha trading has been temporarily suspended, including operations such as purchasing coins using spot wallet funds, Alpha instant trading, and CEX prediction markets. Trading will resume once the security issues are resolved. Currently, user funds are safe.

Jack McDonald, Senior Vice President of Ripple's stablecoin business, posted on social media that Ripple is closely monitoring reports regarding a potential attack on Binance and the attackers holding RLUSD.Jack McDonald stated that Ripple is actively freezing affected funds, coordinating with relevant parties, and is ready to support any investigations and appropriate actions to protect users.

Binance co-founder He Yi posted that, to ensure safety, Binance has currently suspended withdrawals until the relevant environment is confirmed to be safe, and thanked users for their understanding and support.He Yi also emphasized that user funds are safe (SAFU). In addition, He Yi thanked the World Liberty Financial team for assisting in freezing 27 million USD1 and 48 million WLFI (valued at approximately 2 million USD).