Binance: Will Bear All Losses from This Incident, Temporarily Suspends Deposits and Withdrawals to Conduct Security Checks

Odaily reports: Binance has stated that it will bear all losses caused by this incident. As a precautionary measure, the platform has temporarily suspended all deposit and withdrawal services so that the team can conduct security checks, freeze related funds, and cooperate with law enforcement investigations.

Binance says its team is working around the clock to handle this incident and will publish a full post-mortem report once the investigation is complete. It also reminds users to obtain the latest updates on the incident only through Binance's official channels.