[Binance said that the hot wallet was attacked and lost approximately US$6.3 billion and has frozen approximately US$3 billion in stolen assets] October 31st, Binance issued a security incident update on October 30, local time, stating that its hot wallet was accessed without authorization on October 29, resulting in the theft of approximately US$6.3 billion in token assets. Binance stated that it will bear all losses through the User Security Asset Fund (SAFU) and company funds. It has currently allocated more than 6.34 billion U.S. dollars in funds, of which approximately 5 billion U.S. dollars are affected similar token assets, covering approximately 80% of the losses; another approximately 3 billion U.S. dollars of stolen assets have been frozen on the chain. Binance said that the investigation is still ongoing and no evidence of leakage of wallet private keys has been found. The initial investigation pointed to a laptop being compromised, but other breakthroughs were subsequently discovered. The platform withdrawal service is temporarily suspended, and the team aims to resume it in stages within about 34 hours.