Are User Funds On Binance Really Safe After The $6.3B Hack?

Binance says user funds are safe after thieves make off with billions in largest-ever crypto hack

A record-setting cyberattack targeting the world’s largest cryptocurrency exchange has rocked the digital assets industry.

Binance Hack: How Do Hackers Steal Crypto? Can the Funds Be Recovered ...

Are User Funds On Binance Really Safe After The $6.3B Hack?

Binance user funds are reportedly safe after a $6.3 billion hack because the exchange segregates their holdings in cold wallets. Only the hot wallets the exchange utilizes to facilitate user withdrawals were compromised. Around half of the stolen funds are already frozen and under recovery proceedings. The company plans to further cover the losses with its SAFU program and SpaceX shares. Binance, the world’s largest crypto exchange by trading vo…

Eleanor Terrett Says Binance Customer Funds Are Safe

Eleanor Terrett clarifies Binance's claims on customer fund safety after a hot wallet incident. Here's why it matters for users.