Binance says funds are SAFU. After a $6.3 billion hack, the real question is how the exchange is handling the damage.
Here’s what we know so far.
On October 29, attackers stole approximately $6.3 billion from Binance hot wallets across multiple chains.
Binance says it will cover the losses using its own resources, including a partial SAFU deployment.
By November 1, around 95% of affected assets had reportedly been replenished. Nearly $3 billion in stolen funds had also been frozen through cooperation with issuers and partners.
Withdrawals are gradually returning as security checks continue.
The remaining questions concern the full attack details, unrecovered assets and the long-term impact on Binance’s reserves.
SAFU carries weight when users can verify reserves and access their funds.
Binance has made its commitment. Now the follow-through matters.
Would this incident change how much crypto you keep on an exchange?
$BNB $BTC $ETH $USDT $SOL
Here’s what we know so far.
On October 29, attackers stole approximately $6.3 billion from Binance hot wallets across multiple chains.
Binance says it will cover the losses using its own resources, including a partial SAFU deployment.
By November 1, around 95% of affected assets had reportedly been replenished. Nearly $3 billion in stolen funds had also been frozen through cooperation with issuers and partners.
Withdrawals are gradually returning as security checks continue.
The remaining questions concern the full attack details, unrecovered assets and the long-term impact on Binance’s reserves.
SAFU carries weight when users can verify reserves and access their funds.
Binance has made its commitment. Now the follow-through matters.
Would this incident change how much crypto you keep on an exchange?
$BNB $BTC $ETH $USDT $SOL
