Binance replenished about nine-tenths of the assets taken in a hack

Updated Oct 31, 2026, 7:06 p.m. ET · First published Oct 29, 2026, 7:08 p.m. ET

Binance said Saturday it had replenished 90% of the roughly $6.3 billion in assets stolen in Thursday’s hack, described as a record crypto theft. The remaining 10% consists of less-liquid tokens that may take longer to source. The exchange said it is using reserve, insurance and corporate treasury funds, and users will not bear the losses; the investigation is ongoing.

More context

Binance, the world’s largest cryptocurrency exchange, said Saturday it had replenished about nine-tenths of the assets taken in Thursday’s hack, valued at roughly $6.3 billion and potentially crypto’s largest on record. The outstanding portion is made up of less-liquid tokens, which could take longer to obtain in the required quantities, the company said. Binance said it would continue buying the remaining tokens until all were covered, using its Secure Asset Fund for Users, part of its Futures insurance fund and its corporate treasury. It said it had set aside more than $6.34 billion in company funds to cover the losses, which users would not bear. On Friday, Binance said it had frozen around $3 billion of stolen assets. The US Secret Service said it was working with private-sector partners to identify, freeze, trace and recover funds. Binance said its investigation was ongoing.

Reporting

The Globe and Mail — Binance replenishes 90% of assets stolen in record hack - The Globe and Mail
YouTube — Binance Says 90% of Stolen Crypto Assets Are Now Recovered | Dawn News English
CNBC — Binance has covered 90% of stolen user assets in $6.3 billion hack
BBC News — Crypto firm Binance covers 90% of losses after $6.3bn hack

Verifier’s note

The Globe and Mail, Dawn News English, CNBC, and BBC News each report that Binance covered or replenished about 90% of assets stolen in the roughly $6.3 billion hack. These reports were published on October 31, 2026, consistent with the proposed event’s timing.

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