Cryptocurrency exchange Binance has fully reimbursed users for funds stolen during a hacker attack that took place on the night of October 30, 2026. The company itself announced the news, thanking its clients for their "patience and understanding."
The exchange recovered 90% of the lost assets on October 31—just one day after the hack—using its own funds. These assets included Bitcoin, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC. The remaining 10% consisted of less liquid tokens, which Binance had to purchase on the open market.
The exchange reported the hack on the night of October 30. The losses were estimated at 6,3 billion USD, and withdrawals were temporarily suspended. The company pledged to cover the losses using its SAFU (Secure Asset Fund for Users) and its own resources.
Binance previously stated that the incident may have stemmed from the compromise of a laptop belonging to a DevOps engineer responsible for maintaining IT infrastructure. This allowed attackers to gain access to a service container and execute unauthorized fund withdrawals. No evidence was found to suggest that private keys for the wallets had been leaked.
Later, the company shared details about the attack. According to its findings, the attack had been in preparation for several months and involved various methods—ranging from counterfeit software to fake job interviews.
