Binance: User Funds Fully Safe, Investigation Underway Regarding Potential Security Issues Binance updated its statement, reaffirming that user funds are fully safe. The team is aware of reports of potential security issues and is actively investigating. The security team is urgently reviewing all relevant information and will release an update through official channels after verification. Previously, Binance stated that "no impact on user funds has been confirmed at this time." Tether CEO Paolo Ardoino stated that over 1.567 billion USDT has been frozen, and Circle has frozen approximately 823 million USDC. In addition, an address holding approximately 313 million USDT on the Tron network has been frozen, bringing the total amount of frozen stablecoins to $2.7 billion.