Executives revealed that a compromised laptop running self-deleting malware enabled the record cyberattack, which independent analysts have attributed to North Korean operatives. To replace the missing funds, the firm deployed roughly $6.34 billion drawn partly from its corporate treasury, Futures insurance, and the SAFU emergency bitcoin reserve. The remaining ten percent of the unrecovered stolen assets consists of less liquid digital tokens that require additional time to purchase. An updated proof-of-reserves snapshot will allow users to independently confirm minimum one-to-one backing for ten major supported cryptocurrencies.
Key points
Customers will face no financial loss as the platform committed company capital to absorb…: Customers will face no financial loss as the platform committed company capital to absorb the entire $6.3 billion theft.
The sophisticated cyberattack was executed via a compromised laptop and self-deleting mal…: The sophisticated cyberattack was executed via a compromised laptop and self-deleting malware that analysts linked to North Korea.
A proof-of-reserves snapshot taken on October 31 will let clients verify minimum one-to-o…: A proof-of-reserves snapshot taken on October 31 will let clients verify minimum one-to-one backing across ten major digital tokens.
Sources checked by our analysis pipeline: 1
Oct 31 : Crypto exchange Binance said on Saturday it has been able to replace 90 per cent of the amount stolen after a record $6.3 billion hack of its platform, by using company money to buy new tokens.
The remaining 10 per cent consists of tokens that are less liquid, which means they may take longer to buy, it said in a statement posted on X.
"We've now replenished 90 per cent of the stolen assets, and we're committed to covering the remaining 10 per cent. Our users will not bear the financial impact of this incident," co-CEO Richard Teng said on X on Saturday.
Crypto prices fell on Friday, while Binance — the world's biggest crypto exchange — sought to reassure customers that their funds were safe after losing more than $6 billion worth of crypto in a hack which analysts blamed on North Korea.
Teng said on Friday that the breach was a "complex attack" involving a compromised laptop and malicious software designed to delete evidence of its activity, making it harder to trace and investigate.
The breach drained digital assets in just 20 minutes on Thursday, with experts pointing to North Korea's military-linked TraderTraitor unit as the likely culprit. While exchange partners managed to freeze roughly half of the stolen funds, crypto research firm TRM Labs warned that such proceeds are routinely funneled into state weapons proliferation. The unprecedented loss has intensified calls for stricter regulatory oversight, mandatory auditing, and insurance requirements across the digital asset sector.
Financial markets face heightened volatility as a shift in congressional control could stall legislative priorities and complicate the macroeconomic environment. Meanwhile, incoming labor metrics will test recent growth momentum and guide expectations for central bank policy. Heavyweight corporate results will provide crucial clarity on whether robust profit margins can justify elevated tech valuations after a sharp Friday retreat.
Corporate treasury reserves and other company funds have provided more than $6.34bn to shield customers entirely from the historic cyberattack. Withdrawals across major tokens including bitcoin, ethereum, and Tether are scheduled to restart on Sunday, 1 November, while sourcing the final 10% of affected assets will require additional time. Meanwhile, international authorities are actively tracing the remaining capital after successfully freezing nearly half of the stolen sum.