THE NATIONAL · 2026-10-31 17:04 UTC

Binance covers 90 per cent of assets stolen in $6.3 billion hack

Binance was hacked for $6.3 billion, the largest crypto theft on record, with funds stolen from hot wallets on October 30. Binance said it will cover 90% of stolen assets using SAFU reserves, futures insurance fund, and corporate treasury; the remaining 10% consists of less liquid tokens. Withdrawal services are expected to resume November 1; Bitcoin price fell to $76,450 following the news.

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