Here is English translation for Engilsh frens: Hi everyone. I'm Binance's co-C… · @jaker_Q · TwKit

@jaker_Q

Here is English translation for Engilsh frens: Hi everyone. I'm Binance's co-CEO and also its Chief Customer Service Officer, Yi He. This morning we suffered a hack that affected $6.3 billion in assets. With help from people across the industry, $3 billion has been frozen. I want to thank everyone for their all-out support. People outside often misunderstand those of us in this industry, but today showed that the industry can unite, look after one another, and truly care about its future. Withdrawals have now been paused for nearly a day, and we expect to reopen them within the next 42 hours. Although more than $3 billion in assets was affected, that is only about 2% of our total user assets and public reserves. To keep the remaining assets safe, our procedures require us to pause withdrawals first. We will reopen only after fully confirming that the environment is secure, uncontaminated, and poses no risk to you. Thank you for your understanding and support, and thank you to everyone in the community who spoke up and explained things on our behalf. Words can't express our gratitude, and we will give back to users through more campaigns in the future. During this time, besides rebuilding our security environment, rebuilding our wallet setup, and carrying out security audits, we will use our own funds to cover the stolen assets up front, so that user assets remain fully backed 1:1. In the coming days we will update the Merkle tree, and you will be able to check your assets through Proof of Reserves. Most of what Binance earns is already in tokens, and because we believe in this industry, most of our own reserves already match the stolen assets by token. Only a very small amount needs to be bought on or off exchange. Rumors online say we must buy more than $6 billion of assets on the market. That isn't quite accurate, so I want to clear it up. I'm not a technical expert myself, but based on our security and technical teams' investigation so far, this was a highly sophisticated, multi-layered attack, so we will be especially careful in the steps ahead. We will publish a detailed technical security audit report to the public. We also hope security professionals across the industry will work with us to build future security standards. In the AI era, hacking has become a serious threat to the entire industry. We will never give up pursuing the hackers. We will get to the bottom of this and work closely with law enforcement worldwide to track down this group and recover the funds. We will not let hackers take away the prosperity this industry deserves. Of course, we fell short in many ways. We should have invested more in security, earlier, and set stricter standards. Going forward, we will not hold back, either in security investment or in fighting hackers. We also sincerely invite more of our industry peers to join us in keeping this industry healthy. Thank you, everyone.

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