Binance CEO: 90% of Stolen Crypto Assets Have Been Replaced
The chief executive of crypto exchange Binance says 90% of the $6.3 billion stolen from its users has been covered, with the remaining 10% to follow. Withdrawals are still paused and are expected to reopen on Sunday, 1 November.
The chief executive of Binance, one of the world's largest cryptocurrency exchanges, says the company has replaced 90% of the assets stolen from its customers in what is described as a record-breaking crypto heist. Hackers took $6.3 billion from Binance users, and the company shared its progress in a post on X on 31 October 2026.
How the losses are being covered
Binance is covering the stolen funds directly. The remaining 10% consists of "less liquid" tokens, meaning crypto assets that are harder to buy or sell quickly in the market. The company says acquiring them may take longer.
Binance stresses that its commitment has not changed: it will fully cover the financial impact of the theft. It says it intends to demonstrate this through measurable progress, transparent reporting and concrete actions.
Withdrawals remain paused
Customers currently cannot withdraw funds from the platform, as the service is suspended. Restoring it is the company's next milestone. Binance says it remains on track to reopen withdrawals within its previously stated timeframe, on Sunday, 1 November 2026, and will publish further details as soon as they are confirmed.
The source does not say how the hackers gained access, nor whether any of the stolen funds have been recovered from the thieves.
