Binance secures 90 percent of funds following $6.3 billion cyberattack
Binance announced it has secured or replaced 90 percent of the $6.3 billion stolen in a recent cyberattack, using internal reserves to reimburse affected users.
Cryptocurrency exchange Binance announced that it has secured or replaced approximately 90 percent of the assets stolen during a recent $6.3 billion cyberattack. According to company statements, roughly $6.34 billion from internal reserves has been allocated to cover user losses.
The remaining 10 percent of missing assets consists of less liquid tokens, which representatives noted may take longer to acquire in required quantities. Stablecoin issuers Tether and Circle also supported recovery efforts by freezing digital assets linked to the breach. Binance reiterated its intention to fully compensate affected customers, though media reports underscored that the breach highlights ongoing security vulnerabilities across digital asset exchanges.
Sources: Der Spiegel, Der Standard, FAZ, 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 1, 2026, 05:30 AM UTCBinance secures 90 percent of assets following record cyberattack
- Oct 31, 2026, 03:30 AM UTCBinance suffers record cyberattack with estimated losses of $6.3 billion