Binance's $6.3 Billion Hack: How the Exchange Plans to Cover User Losses and Recover Stolen Assets

10/31/2026

Ethena deposits $24M in ENA to Binance as the exchange buys back stolen altcoins to restore token-for-token reserves after its $6.3B hack.

10/30/2026

Binance disclosed it has set aside more than $6.34 billion to cover losses after hackers stole about $6.3 billion from the exchange on Thursday, an incident now described by blockchain tracing...

10/30/2026

Binance said it reserved its own funds to cover the $6.3 billion hack, including freezes of roughly $3 billion in stolen assets.

10/30/2026

The exchange says $5 billion is already held in the affected tokens, while withdrawals remain paused during a security overhaul.... Read the full story at The Defiant

10/30/2026

Binance says it has earmarked more than $6.34 billion of its own funds to cover losses from a hack it disclosed as totaling $6.3 billion—while also stating that at least $5 billion of that buffer...

10/30/2026

Binance confirmed the incident but reassured that user funds will be covered in full.

10/30/2026

The exchange said it set aside more than $6.34 billion to cover losses and would include the assets in its next proof-of-reserves report.

10/30/2026

10/30/2026

Binance’s own reserve data lists the drained wallets as backing customer balances, leaving its ether backing an estimated 6% short until the exchange replaces what was stolen.

10/30/2026

Binance has pledged to cover all losses from SAFU and company funds; Zhao did not spell out how the shares would finance reimbursements.... Read the full story at The Defiant

10/29/2026

Binance says it has reserved more than $6.34 billion to cover the incident. This guide separates withdrawal targets, frozen assets and recoveries.... Read the full story at The Defiant

10/30/2026

Live updates on the Binance hack. $6.3 billion in unauthorized outflows from hot wallets, around $3 billion frozen, deposits, and withdrawals suspended.

10/30/2026

Binance's $6.3 billion hack triggers global reactions as CZ, Brian Armstrong, Upbit, Tether, and 70+ crypto leaders respond with freezes and warnings.

10/30/2026

US law enforcement joined the hunt for hackers who drained more than $6 billion from the Binance crypto exchange in the biggest cyber theft ever recorded.

10/30/2026

The attackers in the $6.3 billion Binance theft have started to split their haul along the lines of assets that can be frozen or potentially clawed back and assets beyond freeze controls. On one...

10/30/2026

A recap of Cointelegraph’s live coverage of the Binance hack, including early breach reports and the exchange’s full reimbursement pledge.

10/30/2026

Binance separately estimates a $6.3 billion impact and pledges to cover all losses while deposits and withdrawals are suspended.... Read the full story at The Defiant

10/30/2026

Binance co-founder CZ compared the exchange’s $6.3 billion hack with Mt. Gox and FTX, citing differences in Bitcoin losses and customer exposure.

10/30/2026

Binance edited its first hack statement twice in 13 minutes, changing its wording on customer funds as the $6.3 billion security incident unfolded.

10/30/2026

Ripple froze roughly $200 million in RLUSD tied to the October 29 Binance breach, joining Tether and Circle in coordinated actions to restrict stolen stablecoin holdings as Binance works to...

10/30/2026

India's USDT and USDC premiums hit record highs on October 30 as Binance suspended withdrawals after a security incident with an estimated $6.3 billion impact.

10/30/2026

Binance says attackers exploited Ethereum's EIP-7702 authorization feature to take control of one of its hot wallets and steal approximately $6.3 billion in crypto assets across 10 blockchains.

10/30/2026

TL;DR Binance hack shows an attacker reportedly used Ethereum’s EIP-7702 authorization feature to drain approximately $2.5 billion from Binance’s Ethereum hot wallet. The attacker gained the...

10/30/2026

Security experts said attackers could have drained Binance’s wallets without EIP-7702, but the Ethereum upgrade may have helped bypass withdrawal safeguards.

10/30/2026

On Ethereum, the attacker used a 2025 upgrade built to make ordinary wallets smarter, armed with 50 signatures from Binance's own wallet.

10/30/2026

The FBI and the US Secret Service have confirmed they are working with Binance after the exchange disclosed a $6.3 billion hack, as investigators and blockchain analytics firms try to trace and...

10/30/2026

US agencies are investigating the theft and helping trace stolen assets, while Binance says about $3 billion has been frozen.

10/30/2026

Binance sets aside $6.34 billion to cover its $6.3 billion hack, buys back stolen altcoins, and works with the FBI and USSS to recover funds.

10/30/2026

Institutional investors are withdrawing crypto from centralized exchanges after Binance’s $6.3 billion security incident, while CoinDCX restricts futures trading.

10/30/2026

CFTC Chair Michael Selig cited Binance’s $6.3 billion security incident as the agency pursues voluntary federal registration for crypto exchanges.

10/30/2026

The withdrawals suggest the fallout from the multibillion-dollar breach is spreading beyond Binance.

10/30/2026

The Digital Chamber wants Congress to strengthen crypto custody, CFTC oversight and cybersecurity standards following the reported Binance hack.

10/30/2026

Attackers raced to convert stolen stablecoins into crypto that issuers could not freeze as industry players like Tether and Circle moved to immobilize billions of dollars in assets.

10/30/2026

XRP falls to $1.24 as the Binance hacker holds 233.46 million stolen tokens worth $289 million, raising concerns over potential selling pressure.

10/30/2026

The firm's findings report puts frozen assets at about $2.8 billion and describes transaction patterns suggesting automated laundering.... Read the full story at The Defiant

10/30/2026

All 18,270 coins sit in 19 wallets, 17 of them holding exactly 1,000 BTC each, and none has moved since Thursday night, a CoinDesk trace of the blockchain shows.

10/30/2026

Blockchain analytics firm Bitquery says the individuals behind Binance’s $6.3 billion hack controlled more Bitcoin on Friday than Coinbase reported holding for its own investment and operating...

10/30/2026

Another 233.46 million XRP remains in one account, leaving investigators a visible trail but no issuer-controlled freeze option for either asset.... Read the full story at The Defiant

10/30/2026

The co-CEO says Binance has reserved over $6.34 billion in company funds and plans to publish a full Proof of Reserves report by Monday.... Read the full story at The Defiant

10/30/2026

Binance co-CEO Richard Teng disclosed new details of the $6.3 billion hack, including an EIP-7702 authorization bypass and plans to restore withdrawals.

10/30/2026

Binance is rebuilding its withdrawal service after a breach it estimates at $6.3 billion. Teng also said attackers destroyed tools and traces during the intrusion.... Read the full story at The...

10/30/2026

TRM Labs said it has high confidence in the attribution, while ZachXBT identified stolen funds from the Binance and Bitget hacks converging at the same address.

10/30/2026

Binance estimates the impact at $6.3 billion and says about $3 billion has been frozen onchain, with withdrawals still suspended.... Read the full story at The Defiant

10/30/2026

Security researchers suggested that the hermit kingdom's Lazarus Group was behind Thursday's nearly $6 billion hack of the world's largest crypto exchange.

10/30/2026

Hackers behind Binance's $6.3 billion breach are using previously unseen laundering tactics while rapidly converting stolen assets into other cryptocurrencies. On Oct. 30, blockchain analytics...

10/30/2026

The exchange revoked affected address authorizations and is working with law enforcement and blockchain firms to trace and recover assets.

10/30/2026

Binance said attackers may have used a compromised DevOps laptop to access internal infrastructure.

10/30/2026

Lookonchain says the Binance hacker sent $3.32 million in altcoins to the NEWT contract, where the Newton Foundation says they cannot be recovered.

10/30/2026

Binance’s estimated $6.3 billion hack—described by investigators as the largest in crypto history—shows how quickly major thefts can migrate from "steal" to "launder," even as issuers and...

10/29/2026

Binance pledged to cover all losses after a $6.3 billion hack, with about $3 billion in assets frozen by the exchange and its partners.