Binance pledges to cover all hack losses, says user funds safe

Deposits and withdrawals paused for security checks, fund freezes and law work.

Binance puts frozen funds at about $3B with help from Tether, Circle and others.

First reported Oct 30, 2026, 00:39 UTC

Source reports

JUST IN: Binance says it will cover all losses from the hack. — @WatcherGuru (X), Oct 30, 2026, 00:39 UTC
JUST IN: Binance says it will cover all losses from the hack. @WatcherGuru — Rickler Feed, Oct 30, 2026, 00:39 UTC
🚨️️️️️️ JUST IN: Binance co-founder Yi He says the exchange will cover all losses from the hack and user funds remain safe, with deposits and withdrawals paused for security checks. — @Cointelegraph (X), Oct 30, 2026, 00:40 UTC
Binance will cover all losses. As a precaution, all deposits and withdrawals are temporarily suspended while our team conducts security checks, freezes funds, and works with law enforcement. We are working around the clock and will share a full post-mortem once the investigation… — @binance (X), Oct 30, 2026, 01:36 UTC
🔥 JUST IN: Binance has begun recovering affected assets and reserved over $6.34B in company funds to cover losses. — @Cointelegraph (X), Oct 30, 2026, 11:00 UTC
⚠️ Binance reserves $6.34B to cover hack, $5B in exact stolen tokens, $3B frozen Source — ahboyashreads, Oct 30, 2026, 11:01 UTC
⚠️ Binance reserves $6.34B to cover hack, $5B in exact stolen tokens, $3B frozen Source — Rickler Feed, Oct 30, 2026, 11:01 UTC

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