The story so far
- Binance Estimates $6.3 Billion Hit in Likely Record Crypto Hack72 sources
- FBI Blames North Korea for $6.3 Billion Binance Hack22 sources
- Binance Says It Has Replenished 90% of $6.3 Billion HackYou are hereLatest
Updated 49m ago · Tech
Binance Says It Has Replenished 90% of $6.3 Billion Hack
Binance said Saturday it has covered 90% of the roughly $6.3 billion stolen in Thursday's hack. The exchange pledged to cover the remaining 10% as well.
- $6.34 billion in company funds set aside to cover losses, Binance says.
- 10 major tokens, including bitcoin and ether, are fully backed, Binance says.
- 10% still outstanding is in less liquid tokens that are slower to buy.
- $3 billion of stolen assets has been frozen, Binance said Friday.
Why it matters: The hack is far larger than the previous record, the $1.5 billion Bybit theft in 2025. Binance is paying from its own reserves.
- Funding comes from its corporate treasury, user protection fund and futures insurance fund.
- The exchange has an estimated hundreds of millions of users worldwide.
How 18 sources split on this story
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Coverage by lean
18 sources · 19 articles · 56% Center coverage
Where they split: Outlets differ on attribution: the New York Post states North Korean hackers did it, while BBC News and CNBC say analytics firms point to North Korea as likely culprits.
Center coverage, 10 sources: The center treats it as a record breach still under investigation, with recovery progress and open questions about the method.
BBC News17hCrypto firm Binance covers 90% of losses after $6.3bn hackCNBC18hBinance says 90% of $6.3 billion hack losses are now covered, plans to resume withdrawals SundayAssociated Press2dLong accused of abetting crypto crimes, Binance has now become a victimForbes2dBinance Says It Plans To Resume Withdrawals This Weekend After $6.3 Billion HackFrance 243hBinance says resuming withdrawals after major hackJerusalem Post16hBinance replenishes 90% of assets stolen in security incidentSky News19hMajority of funds stolen in cryptocurrency hack replenished, Binance saysThe Hill15hBinance recovers 90 percent of stolen assets from hackTimes of Israel5hFBI blames North Korea for stealing billions from world’s largest crypto firmYahoo News9hFBI links record $6.3 billion Binance crypto theft to North Korea
Left coverage, 4 sources: The left frames the story around Binance CEO Richard Teng's claim of progress, putting the word replenished in quotation marks.
The Verge15hBinance CEO says 90 percent of stolen assets have been ‘replenished’Gizmodo1dBinance Reassures Users That $6.3 Billion in Stolen Crypto Is, Like, Pocket Money to ThemThe Guardian7hBinance says 90% of losses from $6.3bn hack covered as FBI says North Korea behind attackThe Independent14hBinance says it has covered 90% of losses from $6.3 billion hack
Right coverage, 4 sources: The right emphasizes the speed of Binance's refunds and points to North Korean hackers as the culprits.
New York Post5hFBI blames North Korea for stealing $6.3B from Binance in biggest crypto heist in historyNTD7hBinance Says It Has Covered 90 Percent of Losses From $6.3 Billion HackThe Sun19hCrypto stolen from Binance is restored after hackers swipe $6.3bn in just minutes ‘in biggest bank heist in history’ZeroHedge10hBinance Plugs 90% Of $6.3 Billion Hack Hole With Its Own Cash, Says Withdrawals Reopen Sunday
What’s next: Binance says withdrawals remain paused but are on track to resume Sunday, Nov. 1, pending security checks.
- The US Secret Service says it is working with private firms to trace and recover funds.
- Binance says users can verify 1:1 backing once its new proof-of-reserves is published.
- How exactly did the attackers get in, beyond the compromised engineer's laptop Binance first described?
- Will investigators formally confirm North Korea's Lazarus Group, also called TraderTraitor, as responsible?
- How much of the frozen $3 billion can actually be recovered?
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