Binance CEO says 90 percent of stolen assets replenished
Binance CEO confirms 90% of the $6.3 billion stolen crypto has been recovered, with remaining funds and withdrawals returning Sunday.
Stock photo for illustration only, not from the actual event
- Hackers stole a record-breaking $6.3 billion in crypto from Binance users
- CEO reports that 90 percent of the stolen funds have been successfully replaced
- Remaining 10 percent consists of less liquid tokens requiring more time
- Withdrawal services remain on track to reopen this Sunday, November 1, 2026
In the wake of a record-breaking cryptocurrency heist where hackers illicitly drained a staggering $6.3 billion from Binance customers, company leadership has announced significant progress in financial recovery efforts, marking one of the largest security incidents in digital asset history.
According to the company's chief executive, Binance has successfully replaced 90 percent of the missing funds directly out of corporate reserves. This proactive measure aims to absorb the financial shock and protect affected users from bearing the burden of the sophisticated cyber attack.
Stock photo for illustration only, not from the actual event
Addressing the remaining 10 percent of the stolen assets, company representatives explained that these comprise less liquid tokens. Acquiring and restoring these specific digital assets may require additional time, though the exchange maintains its firm pledge to cover the full amount.
"Our commitment remains the same: Binance will fully cover the financial impact of the funds stolen in this incident. We will continue to demonstrate this commitment through measurable progress, transparent reporting, and concrete actions."
Binance
Platform operations continue to see phased restrictions, with user withdrawals remaining temporarily paused while technical teams finalize security audits. However, an official update posted on X indicates that operational milestones are being met on schedule.
A security breach of this magnitude underscores the persistent risks facing centralized cryptocurrency exchanges and highlights the critical importance of robust insurance reserves and transparent crisis management. By committing billions from its own balance sheet to make customers whole, Binance is attempting to set a benchmark for accountability in the decentralized finance era, though long-term regulatory scrutiny is certain to follow.
Looking ahead, Binance confirmed that its next operational milestone is reopening withdrawal services. The company remains on track to restore withdrawal capabilities on Sunday, November 1, 2026, promising further updates as soon as final verifications are completed.
Source: The Verge
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