Investigation update: Our initial investigation suggested that the security incident may have involved a compromised laptop, however our subsequent investigation has uncovered additional points of breach. This was a complex attack, and we are doing all we can in coordination with law enforcement to resolve it. We are still gathering the facts, and will share more directly as we have them. Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe. We are still on track towards the expected timeline to resume the withdrawal service in 45 hours. Deposits remain unaffected. The outflows ceased when we paused withdrawal service earlier. We are still working with partners to freeze many of the impacted assets, and have frozen around $3 billion thus far. We will continue to provide further updates through official Binance channels as more verified information becomes available.

Investigations depend on connecting the dots. Today, as we launch Ardence, we're thanking the intelligence partners who help investigators make those connections. Meet Ardence:

Investigation into Situational Awareness's downfall expands Jane Street was an investor in Leopold Aschenbrenner's fund, and lost $15B in July when the AI selloff took the fund down with it JPMorgan was one of Situational Awareness's key lenders. Last month it cut the fund off entirely, ending its lending relationship after the losses Now the Fed and the Bank of England are asking global banks how exposed they are to trading firms like Jane Street and Citadel Securities, the firm that bought Aschenbrenner's portfolio in the fire sale, per FT Last month, the SEC already subpoenaed four of Wall Street's biggest banks over the collapse: • Goldman Sachs • JPMorgan • Citigroup • Bank of America The Fed, the Bank of England, and the SEC are all asking questions about the same fund now