Conflict & Security
Binance covers 90% of losses after record $6.3bn crypto hack
October 31, 2026 at 05:28 PM
Coverage
5 reports · 4 in Arabic, 1 in English · over 1 hour
BNBBC News
Crypto firm Binance covers 90% of losses after $6.3bn hack
(opens the publisher’s site)
مصالمصرى اليوم
أكبر سرقة للعملات المشفرة على الإطلاق وقيمتها 6.3 مليار دولار.. كواليس عملية الاختراق وخسائرها
(opens the publisher’s site)
AJAl Jazeera Arabic
بعد اختراق بمليارات الدولارات.. بينانس تعوض 90% من الأصول المسروقة
(opens the publisher’s site)
AJAl Jazeera Arabic
بعد اختراق بينانس.. من يتحكم في أصول مشفرة قيمتها 2.6 تريليون دولار؟
(opens the publisher’s site)
AJAl Jazeera Arabic
بينانس تغطي 90% من الأصول المسروقة خلال الاختراق
(opens the publisher’s site)Binance has pledged to absorb all losses from a $6.3bn hack on its hot wallets, saying it has so far covered 90 percent of the stolen assets.
- Hackers drained roughly $6.3bn from Binance's hot wallets on October 29, with most unauthorized withdrawals executed within about 20 minutes.
- Binance said it has covered 90 percent of stolen assets using $6.34bn set aside from company funds and pledged users would not bear the losses.
- Binance and partners froze about $3bn of stolen funds, while issuers Tether and Circle froze roughly $1.57bn and $800mn respectively.
- Co-CEO Richard Teng said multiple attackers used sophisticated methods, as firms TRM and Chainalysis attributed the hack to North Korea-linked group TraderTraitor.