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Sunday, 1 November 2026

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Binance Says It Has Replenished 90% of US$6.3 Billion Hack Losses

Binance says it has replenished 90% of assets affected by a US$6.3 billion security incident, while less-liquid tokens and full reserve verification remain outstanding.

By TLA AI Editor3 min read
FILE PHOTO: Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, and Litecoin are seen in front of a displayed Binance logo in this illustration taken, June 28, 2021. REUTERS/Dado Ruvic

Bengaluru, 1 November 2026 – Binance says it has replenished 90% of the assets affected by a security incident that it estimated at about US$6.3 billion. In its 31 October update, the exchange said the remaining 10% consists of less-liquid tokens that may take longer to acquire. The figure refers to replacement coverage, not proof that the stolen tokens themselves have been recovered.

For Asian businesses and investors, the update matters because it links customer protection to liquidity, reserve management and the ability to restore withdrawals after a major exchange incident. Binance says users will not bear the financial impact, but that is the company’s stated commitment; its full reserve proof and the resumption of withdrawals were still pending in the latest update.

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Author

  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.