Binance Web3 wallet announced that the recent Lifi, Monoswap and Terra and other third-party encryption projects suffered hacking attacks, including contract exploits and malicious software intrusion system to obtain keys. Although these incidents did not occur within the Web3 wallet, the Binance Web3 wallet security team has proactively investigated and contacted the affected users and related projects in an effort to find the best solution for the users. Especially with regard to the Lifi project, Binance Web3 wallet coordinated with it to develop a smooth recovery process, and all affected Web3 wallet users will receive full compensation for the loss in capital provided by Lifi.