Binance announced that it will cover approximately $6.3 billion in losses caused by the hack using its own financial resources and reserve funds.
Here is what Binance is providing:
1. $6.34 billion reserved to cover the stolen assets.
2. $3 billion frozen with help from other crypto companies and partners.
3. SAFU Fund: Using part of its emergency protection fund.
4. Futures Insurance Fund: Reallocating part of its insurance reserves.
5. Company treasury: Using Binance's own corporate money to replace missing assets.
6. 100% asset backing: Binance says major cryptocurrencies, including BTC, ETH, BNB, SOL, USDT and USDC, are fully backed.
Latest reported update (November 1, 2026): Binance says approximately 95% of the stolen assets have been replaced or recovered, and withdrawals have resumed in phases. 
$BTC
#BinanceRestores28FiatWithdrawals
Here is what Binance is providing:
1. $6.34 billion reserved to cover the stolen assets.
2. $3 billion frozen with help from other crypto companies and partners.
3. SAFU Fund: Using part of its emergency protection fund.
4. Futures Insurance Fund: Reallocating part of its insurance reserves.
5. Company treasury: Using Binance's own corporate money to replace missing assets.
6. 100% asset backing: Binance says major cryptocurrencies, including BTC, ETH, BNB, SOL, USDT and USDC, are fully backed.
Latest reported update (November 1, 2026): Binance says approximately 95% of the stolen assets have been replaced or recovered, and withdrawals have resumed in phases. 
$BTC
#BinanceRestores28FiatWithdrawals