In a Friday video posted on X, Binance co-founder He Yi thanked industry participants who assisted after the theft and said the exchange would increase its security investment.
The exchange said roughly $3 billion had been frozen on-chain, according to its Oct. 30 update, covered in EconoTimes' earlier report.
The linked earlier report also details Binance's initial investigation.
He Yi made her remarks in a video posted Friday on X. She said the withdrawal pause was intended to protect assets and described customer funds as “SAFU.” She thanked industry participants who assisted after the theft and said Binance would allocate more to security and step up efforts against hackers. Binance said it would release technical details once its investigation is complete.
