He Yi: Recharge is operating normally, and it is expected to resume withdrawals within 48 hours

On October 30, Binance co-CEO and co-founder He Yi published an update on service progress: deposits are unaffected and are still operating normally. The team is working on improving withdrawal services and related address controls, and it is expected that withdrawal services will begin to resume within the next 48 hours.

He Yi stated that further progress will be continuously updated through official Binance channels. Prior to this announcement, Binance had suspended withdrawals due to a security incident, and He Yi had previously stated that user funds are safe, and the platform will bear the related losses.