BREAKING 🇦🇪🇲🇹🇺🇸: Binance will release $6.34 billion in company funds to fully cover user losses resulting from the recent $7 billion hack.

First reported Oct 30, 2026, 12:48 UTC

Source reports

BREAKING 🇦🇪🇲🇹🇺🇸: Binance will release $6.34 billion in company funds to fully cover user losses resulting from the recent $7 billion hack. - Elon Musk, the UAE, BlackRock, and other corporate banks will support Binance’s security, crypto wallets, and risk management in 2028… — @rkmtimes (X), Oct 30, 2026, 12:29 UTC
Binance hack: where it stands - Binance: ~$6.3B impact, ~$3B frozen - $6.34B+ of company funds set aside to cover users - Withdrawals paused until about 1 Nov, Binance says; deposits open - Chainalysis and Elliptic link it to North Korea; Binance hasn't named anyone — @News_crypto (X), Oct 30, 2026, 12:48 UTC
BREAKING: Binance puts up $6.34B of its own cash to cover hack losses and says $3B has been frozen so far. — @meleemarkets (X), Oct 30, 2026, 13:21 UTC

Excerpts are quoted from the linked sources, which own their text.