$BTC
$ETH
$THE
Binance has officially entered Phase 1 of reopening client withdrawal services following the historic $6.3 billion exploit targeting its network hot wallets on October 29, 2026. The exchange confirmed that over 90% of the affected token assets have been fully replenished, guaranteeing that users will not bear any financial losses from the incident.
Key Hack & Recovery Highlights:
Massive $6.3 Billion Security Breach: Unauthorized hot wallet withdrawals occurred across ten prominent blockchains, draining major assets including BTC, ETH, BNB, and stablecoins.
90% of Stolen Assets Covered: The exchange successfully backed top-tier assets 100%—including Bitcoin, Ethereum, Tether, and Solana—by rebalancing its Futures Insurance Funds, tapping its Secure Asset Fund for Users (SAFU), and utilizing corporate treasuries.
Over $2.7 Billion Frozen On-Chain: Coordinated efforts with stablecoin issuers like Tether and Circle, along with industry tracking partners, led to the immediate freezing of nearly half the stolen funds.
#BinanceToResumePhaseOneOfWithdrawals #BinanceHadAlreadyCovered$6BofHackLoss https://www.binance.com/smart-money/profile/5283593043872165632?utm_medium=web_share_copy
$ETH
$THE
Binance has officially entered Phase 1 of reopening client withdrawal services following the historic $6.3 billion exploit targeting its network hot wallets on October 29, 2026. The exchange confirmed that over 90% of the affected token assets have been fully replenished, guaranteeing that users will not bear any financial losses from the incident.
Key Hack & Recovery Highlights:
Massive $6.3 Billion Security Breach: Unauthorized hot wallet withdrawals occurred across ten prominent blockchains, draining major assets including BTC, ETH, BNB, and stablecoins.
90% of Stolen Assets Covered: The exchange successfully backed top-tier assets 100%—including Bitcoin, Ethereum, Tether, and Solana—by rebalancing its Futures Insurance Funds, tapping its Secure Asset Fund for Users (SAFU), and utilizing corporate treasuries.
Over $2.7 Billion Frozen On-Chain: Coordinated efforts with stablecoin issuers like Tether and Circle, along with industry tracking partners, led to the immediate freezing of nearly half the stolen funds.
#BinanceToResumePhaseOneOfWithdrawals #BinanceHadAlreadyCovered$6BofHackLoss https://www.binance.com/smart-money/profile/5283593043872165632?utm_medium=web_share_copy
