[CZ: Approximately $1.794 Billion in Stablecoins Frozen, Binance User Funds Safe] According to a report by Jinse Finance on October 30th, CZ stated that user funds are safe, and this appears to be a hack targeting Binance. CZ thanked Tether and Circle for quickly freezing the relevant funds, with the frozen amounts being approximately $971 million and $823 million respectively. CZ stated that (he no longer manages Binance.com), but as a shareholder, he expects all user funds to be fully covered. Previously, Binance officially stated that it was investigating potential security issues and had not yet confirmed that user funds were affected.