Cryptocurrency exchange Binance has announced that it has replaced approximately 90% of the digital assets stolen in a massive cyberattack worth $6.3 billion. The company said it was using its own financial resources to purchase replacement tokens and ensure that customers do not suffer financial losses following the security breach.
In an update issued on Saturday, October 31, Binance said it had replenished 90% of the affected assets, up from approximately 80% reported in its previous update. The remaining 10% consists mainly of less-liquid cryptocurrencies, which may take longer to acquire in sufficient quantities.
Binance co-CEO Richard Teng reassured customers that the exchange would bear the financial impact of the incident. He said the company remained committed to covering the outstanding losses and protecting users' funds.
According to the exchange, approximately $6.34 billion in company resources has been set aside to cover the stolen assets. The recovery effort is being funded through three major sources: its corporate treasury, a portion of its Secure Asset Fund for Users (SAFU) and part of its Futures Insurance Fund.
The company said holdings in 10 major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), Solana (SOL), USD Coin (USDC), XRP, USD1, RLUSD and Zcash (ZEC), are now fully backed at a minimum 1:1 ratio.
North Korea-linked hackers blamed
The cyberattack has drawn international attention after the Federal Bureau of Investigation (FBI) attributed the theft to TraderTraitor, a North Korean state-sponsored hacking group.
In a statement released on Saturday, the FBI said North Korea was responsible for stealing more than $6 billion in virtual assets from the cryptocurrency exchange on or around October 29, 2026. Investigators also reported that the stolen assets were being converted into Ethereum as part of an alleged money-laundering operation.
The exchange described the breach as a complex cyberattack involving a compromised laptop and malicious software designed to erase evidence of the hackers' activities.
Withdrawals expected to resume
Following the incident, Binance temporarily suspended customer withdrawals while it worked to secure affected assets and strengthen its systems.
However, the company said it remained on track to resume withdrawal services on Sunday, November 1.
Binance has also published an updated proof-of-reserves snapshot dated October 31. The full cryptographic verification process is expected to take approximately 40 to 50 hours, with completion anticipated by November 3.
The company has promised to restore its SAFU emergency reserve fund to approximately $1 billion after using part of it during the recovery process. Binance Support +3
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