Over the past 24 hours, our teams have been working around the clock to respond to a serious security incident involving unauthorized withdrawals of funds. This is a live update on where things stand - what we've done, what we've learned, and what comes next. Bottom line: Binance will absorb the financial impact of these stolen funds, not our users. Over $6.34B reserved, $5B already held in the exact impacted assets. ~$3B frozen so far with our partners, Withdrawals resume once security checks are done. Then our Proof of Reserves, and a full post-mortem. We are grateful to our users for their patience and understanding. Read the full update: