Cryptocurrency exchange Binance has announced that it has replaced 90% of the digital assets stolen during a record $6.3 billion cyberattack.
The announcement came on Saturday, October 31, 2026, as the world’s largest cryptocurrency exchange worked to restore customer confidence.
Binance confirmed that the remaining 10% involves less-liquid cryptocurrencies that may take longer to replace.
Binance Sets Aside $6.34 Billion to Cover Hack Losses
The company has allocated approximately $6.34 billion to compensate for the stolen assets.
The recovery programme uses Binance’s corporate treasury, its Secure Asset Fund for Users (SAFU), and part of its futures insurance fund.
Co-CEO Richard Teng assured customers that the exchange would absorb the financial losses.
How Did Hackers Steal $6.3 Billion?
According to preliminary investigations, attackers compromised an employee’s laptop and deployed malicious software.
The sophisticated attack targeted cryptocurrency wallets and reportedly included mechanisms designed to erase evidence.
Blockchain intelligence firms have linked the breach to a North Korean hacking group. However, investigations remain ongoing.
Binance Plans to Resume Withdrawals on November 1
Following the attack, Binance temporarily suspended customer withdrawals.
The exchange expects withdrawal services to resume on Sunday, November 1, subject to final confirmation.
Meanwhile, Binance has published a new proof-of-reserves snapshot showing that major cryptocurrencies, including Bitcoin and Ethereum, are fully backed.
Customers are expected to access additional verification information by November 3.
Crypto Hack Raises Global Security Concerns
The breach triggered declines across cryptocurrency markets and renewed concerns about digital asset security.
Binance continues working with industry partners and law enforcement agencies to investigate the attack.
The exchange maintains that customers will not bear the financial impact of the stolen assets.
