Binance says it has covered 90% of losses from $6.3 billion hack

Author: vanguardngr.comPublished on: October 31, 2026Country: United States
TechnologyBusiness & Economy
Binance says it has covered 90% of losses from $6.3 billion hack

Binance says it used company funds to buy tokens and cover 90% of the $6.3 billion stolen in a cyberattack. The exchange says it has set aside more than $6.34 billion to cover losses, but the remaining 10% involves less-liquid tokens that may take longer to source. Investigators have pointed to hackers linked to North Korea, while Binance works to resolve what it called a complex attack and expects user withdrawals to resume Sunday. Prices of most major cryptocurrencies fell after the attack, and the United States and FBI said they were looking into it.

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