Binance used three sources, its SAFU protection fund, part of its futures insurance fund, and corporate treasury funds, to cover losses from a hack that stole about $6.3 billion in assets. According to CoinDesk, it used roughly half of the Bitcoin in SAFU, worth $580 million, leaving just over 7,500 BTC, down from 15,000 BTC in February. Data from Swolecharts showed the futures insurance fund held about $1.85 billion on November 1, and Binance said the amount used exceeded its minimum reserve threshold. By November 1, the exchange said about 95% of affected assets had been restored and withdrawals were gradually reopening. However, SAFU's Bitcoin holdings stood at about $580 million as of November 3, well below the $1 billion target, and Binance has not disclosed a timeline for topping it up.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Binance dùng tiền ở đâu để bù đắp thiệt hại sau vụ hack?
Read the original on VnExpress ↗
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Binancecryptobitcoincybersecurity
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Related tickers and likely impact
BNB/USDT
▼ Likely negativeBNB
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Exchange tokens |
| Market cap | $92.9B |
| Close on 11/02/2026 | 699.25 |
| Change that session | -1.89% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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