Following the Binance hack, which reportedly compromised more than $6.3 billion, co-founder and head of customer service Yi He warned users about new fraud attempts. She denied the existence of a cash voucher campaign, which has not launched and must first receive regulatory approval. She also flagged a new Telegram scheme in which scammers use fake Binance official announcements in GRAM transfer details to trick victims into revealing sensitive information or connecting their wallets. Binance suspended withdrawals and deposits during security checks, then began reimbursing users through its SAFU fund and its own reserves. By November 1, 95% of the affected funds had reportedly been replenished, while withdrawals reached $4.65 billion and deposits $1.01 billion in less than ten hours.
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