According to CoinMeta, Binance posted on its social media platform that the team is conducting a security check, and withdrawals will be resumed once the security issues are completely resolved. Users' funds are still safe, and updates will continue to be provided thereafter. Previously, Binance stated that some users' withdrawals were delayed due to technical errors. On-chain data indicates that Binance's hot wallet may have been attacked, with related assets possibly flowing out in the amount of up to $5.6 billion.