The Block(@TheBlockCo):UPDATE: Binance co-founder Changpeng Zhao said user funds are safe and that the activity "does look like a hack on Binance." Zhao, who no longer manages Binance, said he expects all user funds to be fully covered. He also thanked Tether and Circle for freezing about $971 million in USDT and $823 million in USDC, respectively.

The Block

@TheBlockCo

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The Block@TheBlockCo

2026.10.29 21:25

UPDATE: Binance co-founder Changpeng Zhao said user funds are safe and that the activity "does look like a hack on Binance." Zhao, who no longer manages Binance, said he expects all user funds to be fully covered. He also thanked Tether and Circle for freezing about $971 million in USDT and $823 million in USDC, respectively.