Changpeng Zhao thanked Gulf Binance Co., Ltd., Binance’s Thai joint venture, for providing liquidity support on two occasions. The first support came after Binance was fined $4 billion in 2023, while the second follows a cybersecurity incident that surfaced around October 29 and 30, 2026. Losses are estimated at $6 billion to $6.3 billion, a provisional estimate that has not yet received a final accounting. Binance plans to cover the losses through its SAFU emergency reserve and other resources, while Tether and Circle reportedly froze stablecoin amounts connected to the incident. The Thai Binance TH platform temporarily suspended digital asset deposits and withdrawals but kept trading and fiat services operational, and says customer funds are protected in segregated cold wallets.
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