Binance Hack: Are Funds Safu? What We Know So Far About the Biggest Heist in Crypto History

Cryptocurrency giant Binance faces what could be the largest exchange hack in history after a security breach affected an estimated $6.3 billion in digital assets, eclipsing the record-setting $1.5Bn Bybit exploit in 2025. The Binance hack has led the exchange to pledge to cover all losses, while investigators work to identify the attackers and recover the stolen funds. Binance confirmed that the incident affected approximately $6.3Bn in digital assets, with around $3Bn reportedly frozen on-chain through coordination with blockchain partners and other platforms. However, a substantial portion of the funds may remain under the attackers’ control. In a statement, Binance co-CEO Richard Teng reassured customers that their funds were safe and that the company would absorb the financial impact using its Secure Asset Fund for Users (SAFU) and corporate reserves.

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