Binance secures 90 percent of assets following record cyberattack
Binance says it has secured or replaced 90 percent of the $6.3 billion lost in a recent cyberattack, using internal reserves to cover customer losses.
Cryptocurrency exchange Binance announced it has secured or replaced approximately 90 percent of the funds lost in a recent $6.3 billion cyberattack. According to the platform, roughly $6.34 billion from internal reserves was allocated to compensate user losses.
The remaining 10 percent of missing assets consists of less liquid tokens, which company representatives stated may require additional time to acquire. Stablecoin issuers Tether and Circle also assisted by freezing associated digital assets to limit further damage. Binance reaffirmed its commitment to fully cover all customer losses, though the incident has renewed scrutiny regarding security vulnerabilities across digital asset platforms.
Sources: Der Spiegel, FAZ, Der Standard, ORF, Tagesschau.
How outlets assessed this
- La Vanguardia Cautious Highlighted early company assertions that user funds remained safe despite initial reports of a major security breach.
- ANSA Alarmed Emphasized the rapid execution of the attack, describing it as a 20-minute blitz and the theft of the century.
Sources
- Tagesschau — Binance will alle Verluste nach Hackerangriff ersetzen
- ORF — Hackerangriff: Binance ersetzt Gros der gestohlenen Werte
- Der Spiegel — Binance ersetzt nach Cyberangriff 90 Prozent der Beute
- Der Standard — Binance ersetzt nach Hackerangriff 90 Prozent der gestohlenen Werte
- FAZ — Business-Ticker: Kryptobörse Binance: 90 Prozent der gestohlenen Summe abgesichert
Earlier coverage
- Nov 3, 2026, 11:30 PM UTCBinance secures 90 percent of funds following $6.3 billion cyberattack
- Oct 31, 2026, 03:30 AM UTCBinance suffers record cyberattack with estimated losses of $6.3 billion