🚨 LATEST: OKX CEO Star Xu says the Binance hack should serve as a wake-up call for the industry, and urges exchange CEOs to unite on stronger shared security standards. “Security is everyone’s responsibility. No company can protect the future of crypto alone.”

User funds are safe. Binance will cover all hacking losses. Deposits and withdrawals are temporarily suspended while our team conducts security checks, freezes funds, and works with law enforcement. We will share a full post-mortem once the investigation is complete. Please rely only on official Binance channels for updates.

I want to speak to you directly about what happened. Bottom line - your money is safe, and we're covering every loss. Our initial investigation suggests this security incident may have started with a compromised DevOps engineer's laptop. That gave an attacker access to a service container, where they submitted unauthorized withdrawal transactions. To be clear: the attacker did not simply use one engineer's permissions, and this was not a single "one-click" action. It involved a more complex attack process. Our investigation has not attributed responsibility to any individual. So far, we have found no evidence of any wallet private key leak. We'll share a detailed technical post-mortem once the investigation is complete and every fact is verified - and publish an updated Proof of Reserves once remediation is complete. What you need to know: • Your funds are safe • Binance will cover all losses from the SAFU fund and company funds • Estimated total impact: ~$6.3B, with ~$3B frozen on-chain so far, in coordination with our blockchain partners • No evidence of any wallet private key leak • Deposits are unaffected and operating as normal What we've done: • Temporarily suspended withdrawals while we complete a security revamp of the withdrawal service and its related addresses • Revoked the affected address authorizations • Engaged law enforcement and blockchain intelligence partners to trace and recover funds Our team hasn't stopped. We're working closely with law enforcement to ensure the matter is handled appropriately - and I'll share what I can, as soon as I can.

Binance's initial investigation suggests that the security incident may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions. We have found no evidence of any wallet private key leak. We will share a detailed technical post-mortem once the investigation is complete and the facts are fully verified. The estimated total impact sits at around $6.3B. We have worked with blockchain partners to freeze affected assets, with ~$3 billion frozen on-chain so far. Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe. We will also publish an updated Proof of Reserves once the remediation is complete. As an immediate precaution, Binance has: - temporarily suspended deposits and withdrawals while security checks are completed; - revoked the affected address authorisation; - engaged law enforcement and blockchain intelligence partners to trace and recover funds. Our teams are working around the clock to resolve this issue safely and thoroughly. We are working closely with our law enforcement partners to confirm the identity of these criminals and bring them to justice. Please rely only on official Binance channels for updates. Please feel free to contact Binance Customer Support if you have any further questions.

Service Update Deposits remain unaffected and continue to operate as normal. Withdrawals remain paused while our team completes a security revamp of the withdrawal service and its related addresses. We expect to resume within 48 hours, and will update with further details. The incident stems from multiple factors. Our security team is tracing the full attack path through the compromised computer which may be the entry point of the incident. A comprehensive report with the root cause will follow. We will continue to share updates through official Binance channels.

Binance will cover all losses. As a precaution, all deposits and withdrawals are temporarily suspended while our team conducts security checks, freezes funds, and works with law enforcement. We are working around the clock and will share a full post-mortem once the investigation is complete. Please rely only on official Binance channels for updates.

🎙️ On the agenda: market structure, regulation and technology. Tokenized assets need liquid secondary markets to scale. Our Founder & CEO, @nikichain, moderated “Unlocking Liquidity: Building Secondary Markets for Tokenized RWAs” with David Lynd (The Lynd Company), @suresh_nichani (RealAssets) and Adi Soozin (National Energy Holdings).

🎙️ Now on stage: “Private Markets, Public Rails: Alternative Assets Go On-Chain” Christian Lopez (Cohen & Company), Sahil Goswami (Dart Bank) and Michael Orzano (@SPDJIndices), moderated by @HenriArslanian, on what institutional-grade tokenized alternatives need next.

The RWA Paddock is live in Singapore 🏁 Inside: the future of tokenized assets, taking shape in real time. Outside: F1 cars on the Marina Bay Street Circuit. Hosted with @LunaPRofficial and @_thebestevent during @token2049 week. Tokenization and Formula 1 in the same room.

And that’s a wrap on the Digital Assets & Tokenization Summit Singapore! 💜 A big thank you to our speakers, partners, attendees and everyone who made today possible. Until next time!

Real-world assets are moving on-chain, raising a bigger question: what could this shift mean for traditional financial markets? At the Digital Assets & Tokenization Summit Singapore, Scott Lawin (@lawinesque), President of @PanteraCapital, joined Phillip Lord (@philliplord1), CEO of @bitcoincojp, for a fireside chat exploring the opportunities, challenges and future of real-world asset tokenization.

As tokenization moves toward institutional adoption, what role will offshore financial centers play? That was the focus of “Building Institutional-Grade Tokenization: The Future is Offshore” at the Digital Assets & Tokenization Summit Singapore. Haymond Rankin from @CaymanFinance moderated the discussion with Laura Birrell from BACI, Natalie Curtis from Walkers and Paul Byles from @ftscayman, exploring the future of institutional-grade tokenization.

Follow the money, find the future. As AI and digital assets reshape public markets, the real question is where investors see lasting value. Phillip Lord (@philliplord1) from @bitcoincojp moderated this conversation at the Digital Assets & Tokenization Summit Singapore with Atul Goyal (@agoyal00) from @Jefferies, Nico Pasquariello from Cantor Fitzgerald and Junaid Shah (@JShah_Trader) from @bitcoincojp.

Tokenization has proven its potential. Now comes the challenge of making it mainstream. From moving beyond pilot projects to driving real-world adoption, the discussion is shifting toward what it takes to make tokenization work at scale. At the Digital Assets & Tokenization Summit Singapore, Alice Liu (@AliceCrypto3) from @CoinMarketCap moderated a discussion with Omer Husain (@omerh_) from @pogun_io, Ehud Tal from @Sailo_Tech and Duncan Moir (@Duncanmoir) from @21shares on what needs to happen next.

The next trillion dollars in tech won't just follow the hype. Investors are looking for real opportunities, long-term value and technologies that can deliver at scale. With AI, digital assets and emerging technologies all competing for capital, where will investors place their biggest bets? At the Digital Assets & Tokenization Summit Singapore, our VP of Strategy, Sébastien Marque, moderated a discussion with Sylvia To from @Bullish, Daniel Ishag (@DanielIshag) from @Bakkt and Phillip Lord (@philliplord1) from @bitcoincojp on where capital could flow next and what will shape the next wave of investment.