Binance Reports $6.3B Impact, Assures User Funds Are Safe

Binance co-CEO Richard Teng confirms a $6.3B impact while assuring users their funds are safe. Here's why it matters. Binance co-CEO assures users their funds are safe amidst a $6.3B impact. Binance co-CEO Richard Teng recently tweeted reassurance regarding the safety of user funds following a reported $6.3 billion financial impact on the exchange. The announcement, made via Eleanor Terrett’s tweet , highlights that approximately $3 billion remains frozen on-chain. This situation underscores the ongoing scrutiny of Binance’s financial practices and the broader implications for user trust in cryptocurrency exchanges.