Binance says it has covered 90% of the US$6.3 billion stolen in its hack

Of the stolen assets replaced

90 %

Binance says it has replenished 90 per cent of the stolen assets using various funds and its corporate treasury. The remaining 10 per cent may take longer to source in the required amounts.

Binance

Binance says it remains on track to reopen withdrawals on Sunday, Nov 1, and will give an update once details are confirmed.

Co-CEO Richard Teng says more than one person carried out the hack, using methods such as a "self-destruct mechanism" to hide their tracks. Binance first pointed to a compromised engineer's laptop, then found "additional points of breach".

The theft is believed to be the largest in history, ahead of the US$1.5 billion Bybit heist in 2025. Two blockchain analytics firms point to North Korea's Lazarus Group; North Korea has always denied involvement in such attacks.