Binance Co-Founder He Yi Pledges More Security After Wallet Theft

Binance co-founder He Yi said the exchange will increase security spending and intensify efforts against hackers after a hot-wallet theft, describing a withdrawal suspension as a step to protect assets. He Yi said Binance paused withdrawals to safeguard assets and described customer funds as “SAFU.” She also thanked industry participants who helped in response to the theft. Her comments linked the immediate pause in withdrawals to a broader security response. She said Binance would continue investing more in security and strengthen its actions against hackers.

Source: TokenPost