Gulf Binance Says Binance TH Customer Assets Are Safe During Security Checks

In an Oct. 30 statement, Gulf Binance Co., Ltd. said digital assets held for Binance TH customers remained safe, pointing to segregated cold wallets and a dedicated custody arrangement. The company said Binance TH paused digital-asset deposits and withdrawals for security checks, while other services remained available. Gulf Binance also described Binance TH as an independent legal entity. Binance’s Oct. 30 update put preliminary total impact from the security incident at about $6.3 billion.