Binance co-founder Yi He thanks the Ripple team for freezing about $200 million
Binance co-founder Yi He posted on her X account on October 29, 2026, thanking the Ripple team for swiftly freezing about $200 million in funds. She also said that user funds are in a SAFU state.
Earlier, Yi He had separately thanked Tether and Circle for the rapid freezing of the relevant funds. Binance said the same day that it had noted reports of a potential security issue and was actively investigating, and that the security team was urgently reviewing relevant information. It said it would release verified updates through official channels, while also reminding users to beware of scams and unofficial links or requests for account information.
Original source:
Title: Thanks to the Ripple team for promptly freezing approximately 200 million. User Funds are SAFU. Publisher: Yi He (@heyibinance) Publication date: 2026-10-29 URL: https://x.com/heyibinance/status/2115928691045982577 Source type: original post by the party concerned Verification status: the full text of the post was actually read for this report (2026-10-29) Supporting content: core statements thanking the Ripple team for swiftly freezing about $200 million and that user funds are SAFU
ABAB AI Insight
This freezing took place against the backdrop of Binance publicly investigating a potential security issue. Yi He had previously thanked Tether (first reporting about $971 million, then updating it to more than $1.567 billion USDT) and Circle (about $823 million USDC). Ripple’s freezing of about $200 million further expands the scope of restrictions imposed by stablecoin issuers on related addresses.
Stablecoin issuers commonly retain address blacklisting and freezing authority, which can restrict transfers and transactions for specific addresses after receiving identifying information or law-enforcement coordination. Such actions turn stablecoins that are circulating on-chain into an immobile state, but do not automatically complete asset recovery or transfer ownership. Binance’s official statement remains at the investigation stage and has not confirmed the actual impact on user funds.
Indicators to watch are whether Ripple later discloses on-chain details of the frozen addresses and amount, whether Binance updates verified loss figures, and whether the frozen funds enter further law-enforcement or civil recovery proceedings.
ABAB News · Cognitive Laws
When stablecoin issuers carry out targeted freezes based on external identification information, the speed of action depends on their blacklist authority and cross-platform coordination mechanisms.
When multiple issuers freeze related funds at the same time, they create an additional layered restriction on the liquidity of specific addresses, but that does not mean the assets have been fully recovered.