Binance said it has covered up to 90% of the roughly $6.3 billion in tokens stolen from its hot wallets in a record crypto theft, and will keep buying the rest until coverage reaches 100%. The exchange said BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are fully backed, while the outstanding 10% consists of less liquid tokens outside its top 10. Funds come from its Secure Asset Fund for Users (SAFU), part of its Futures insurance fund and corporate treasury, and its next milestone is resuming withdrawals by Sunday, subject to security checks. The attack's method remains unclear: Binance first pointed to a compromised DevOps engineer's laptop, but co-CEO Richard Teng later said it involved a more complex process. TRM Labs pointed to North Korean hackers, citing similarities with the Bybit and KelpDAO hacks in April 2026.
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BinancecryptocybersecurityNorth Korea
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Related tickers and likely impact
BNB/USDT
• NeutralBNB
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Exchange tokens |
| Market cap | $97.5B |
| Close on 10/30/2026 | 704.42 |
| Change that session | +0.85% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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