The response to the recent Binance security incident demonstrates the strength of industry-wide cooperation. We applaud the swift action taken by stablecoin issuers and ecosystem partners, helping freeze approximately $3 billion in affected assets, nearly 48% of the estimated impact. Our preliminary assessment also provides encouraging evidence of Binance’s financial resilience. Its historical Proof of Reserves data shows more than 1:1 coverage of major assets, while its substantial financial resources and commitment to covering the incident’s impact provide further confidence. We are encouraged by Binance’s decisive response, continued transparency, and progress toward recovery. CertiK stands ready to support Binance as recovery and security efforts continue.