Binance replaces $6.34 billion in stolen assets after record hack, proof-of-reserves confirms full user backing

Binance announced it has replaced more than $6.34 billion in digital assets that were stolen during a major security breach on October 29, 2026. The world’s largest cryptocurrency exchange confirmed that user balances are now fully backed on a one-to-one basis, following what regulators and analysts have described as the largest single theft in the history of the crypto sector. The exchange stated that funds used to cover the losses came from three sources: the Secure Asset Fund for Users (SAFU), Binance’s futures insurance fund, and its corporate treasury. Over the course of two weeks, Binance purchased tokens on the open market and completed several over-the-counter trades to replace lost cryptocurrency in user accounts.

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