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Binance sets aside over $6.34 billion to cover losses from attack

By Thomson Reuters Oct 30, 2026 | 9:03 AM

Oct 30 (Reuters) – Binance said on Friday ​it has ‌reserved more than $6.34 billion in company funds, including $5 ‌billion ​already ⁠held in ⁠impacted token assets, to deal with the fallout ​of an attack ⁠in which ⁠hackers stole $6.3 ​billion from ​the crypto platform.

All user funds ‌will be verified publicly through its ⁠proof of reserves, and $3 billion in ⁠assets ‌has been ⁠frozen with ​help ‌from industry ​partners, Binance ⁠said.

(Reporting by Rajveer Singh Pardesi in BengaluruEditing by Tomasz ​Janowski)