BINANCE SAYS IT HAS RESERVED OVER $6.34B TO COVER HACK LOSSES

First reported Oct 30, 2026, 11:08 UTC

Source reports

BINANCE SAYS IT HAS RESERVED OVER $6.34B TO COVER HACK LOSSES @binance says $5B is already held in the affected tokens, separate from frozen assets. Withdrawals remain paused during a security overhaul. Read more here… — @DefiantNews (X), Oct 30, 2026, 11:08 UTC
After Binance’s $6.3B hack, covering customer losses and reopening withdrawals are separate steps. @binance says it has reserved over $6.34B to cover losses. Withdrawals remain paused while its rebuilt service is tested… — @DefiantNews (X), Oct 30, 2026, 16:56 UTC
Over the past 24 hours, our teams have been working around the clock to respond to a serious security incident involving unauthorized withdrawals of funds. This is a live update on where things stand - what we've done, what we've learned, and what comes next. Bottom line… — @_RichardTeng (X), Oct 30, 2026, 20:00 UTC

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