Binance is directly covering customer losses following a record-breaking $6.3 billion cryptocurrency heist, having already restored nine-tenths of the stolen funds. The exchange has committed to replacing the final 10 percent, though it warned this stage will take additional time due to the low liquidity of the remaining tokens. Meanwhile, customer withdrawals remain temporarily suspended as the recovery process continues. The company announced via X that it is currently on track to reopen withdrawal services on Sunday, November 1, 2026.
Key points
The platform is personally absorbing billions of dollars in stolen digital assets to make…: The platform is personally absorbing billions of dollars in stolen digital assets to make customers whole.
Restoring the final ten percent of missing funds will require extra time because of less…: Restoring the final ten percent of missing funds will require extra time because of less liquid tokens.
Normal account withdrawals are expected to resume early in November as additional updates…: Normal account withdrawals are expected to resume early in November as additional updates are confirmed.
Sources checked by our analysis pipeline: 1
After hackers stole a shocking $6.3 billion from Binance customers in a record-breaking crypto heist, the company’s CEO says that 90 percent of the funds have been replaced, and the company plans to cover the remaining 10 percent as well. Binance is covering the stolen funds directly, and the remaining 10 percent consists of “less liquid” tokens, which the company says may take longer to acquire.
Binance CEO says 90 percent of stolen assets have been ‘replenished’
Most of the $6.3 billion in crypto stolen from Binance users has been restored.
Most of the $6.3 billion in crypto stolen from Binance users has been restored.
The company also said in a post on X that, while withdrawals remain paused, they’re on track to be enabled on Sunday.
Our commitment remains the same: Binance will fully cover the financial impact of the funds stolen in this incident. We will continue to demonstrate this commitment through measurable progress, transparent reporting, and concrete actions.
Our next milestone in focus is resuming the withdrawal services for users. We remain on track to reopen withdrawals…
Indian authorities have recalibrated overseas fuel duties for the upcoming fortnight to manage local supply security amid volatile global energy markets. The adjustments target refining margins on middle distillates while completely eliminating outbound levies on motor spirit. Domestic retail pump prices will remain unaffected because domestic excise duties were left untouched.
Alternative investment firms are positioning themselves to capitalize on widening market distress caused by aggressive Federal Reserve interest rate hikes and inflation pressures. By securing dedicated financing lines, managers aim to accumulate discounted corporate debt to assemble high-yielding structured credit vehicles. This move provides critical liquidity to the leveraged finance ecosystem, even as fears over borrower defaults continue to loom.
A massive cyberattack on Binance resulted in the theft of $6.3 billion in client assets, making it the largest heist in the industry's history. Investigators suspect North Korean state-backed hackers orchestrated the unprecedented breach. The incident has intensified global scrutiny on digital asset security and amplified demands for stronger regulatory oversight to safeguard investor funds.