{"id":73937,"date":"2026-10-31T14:08:17","date_gmt":"2026-10-31T18:08:17","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/binance-replenishes-90-of-stolen-assets-following-record-6-3-billion-hack\/73937\/"},"modified":"2026-10-31T14:08:17","modified_gmt":"2026-10-31T18:08:17","slug":"binance-replenishes-90-of-stolen-assets-following-record-6-3-billion-hack","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/binance-replenishes-90-of-stolen-assets-following-record-6-3-billion-hack\/73937\/","title":{"rendered":"Binance Replenishes 90% of Stolen Assets Following Record $6.3 Billion Hack"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Binance has replenished 90% of the $6.3 billion<\/strong> stolen in a record-breaking security breach, drawing from its <strong>corporate treasury<\/strong>, <strong>Futures Insurance Fund<\/strong>, and <strong>SAFU<\/strong> reserve.<\/li>\n<li><strong>Withdrawal services are scheduled to resume on Sunday, November 1, 2026<\/strong>, following a phased security rollout and final system checks.<\/li>\n<li><strong>Ten major cryptocurrencies<\/strong>, including Bitcoin (<a href=\"\/stock\/BTC\">BTC<\/a>), Ethereum (<a href=\"\/stock\/ETH\">ETH<\/a>), and Tether (<a href=\"\/stock\/USDT\">USDT<\/a>), are now confirmed to be <strong>1:1 backed<\/strong> by the exchange&#39;s reserves.<\/li>\n<li><strong>Approximately $3 billion in stolen assets<\/strong> has been frozen on-chain through cooperation with blockchain partners and law enforcement.<\/li>\n<li><strong>The Secure Asset Fund for Users (SAFU)<\/strong> will see a partial deployment over the next 24 hours to cover the remaining 10% of less-liquid token losses.<\/li>\n<\/ul>\n<p>Binance (<a href=\"\/stock\/BNB\">BNB<\/a>) announced on Saturday that it has successfully covered the vast majority of assets lost during the <strong>October 29 security incident<\/strong>, which is now recognized as the largest cryptocurrency theft in history. The exchange confirmed it has set aside <strong>$6.34 billion in company funds<\/strong> to ensure that users do not bear any financial impact from the breach.<\/p>\n<p>The replenishment strategy utilized a multi-pronged approach, tapping into <strong>Binance\u2019s own corporate treasury<\/strong> to purchase billions in tokens via market and over-the-counter (OTC) channels. Additionally, the exchange deployed a portion of its <strong>Futures Insurance Fund<\/strong>, while maintaining a balance that exceeds regulatory risk-management requirements.<\/p>\n<p>A <strong>partial deployment of the Secure Asset Fund for Users (SAFU)<\/strong> is expected to occur over the next 24 hours to address the final 10% of the impact. These remaining assets consist primarily of <strong>less-liquid tokens<\/strong> that require more time to source in the required volumes without causing significant market slippage.<\/p>\n<p><strong>Co-CEO Richard Teng<\/strong> described the breach as a &quot;complex attack&quot; initially triggered by a compromised DevOps engineer&#39;s laptop. While the investigation continues, Binance has already taken a new <strong>Proof of Reserves (PoR) snapshot<\/strong> as of October 31 to provide transparency and reassure the community that all major user balances are fully accounted for.<\/p>\n<p>The exchange remains on track to <strong>resume withdrawal services on November 1<\/strong>, marking a critical milestone in its recovery efforts. Users holding top-tier assets such as Solana (<a href=\"\/stock\/SOL\">SOL<\/a>), Ripple (<a href=\"\/stock\/XRP\">XRP<\/a>), and USD Coin (<a href=\"\/stock\/USDC\">USDC<\/a>) will be able to verify their holdings through updated cryptographic proofs expected to be fully generated by early next week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Binance has replenished 90% of the $6.3 billion stolen in a record-breaking security breach, drawing from its corporate 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