TIMES OF INDIA · 2026-10-31 15:01 UTC

Binance replenishes 90% of stolen crypto, says it will absorb financial losses

Binance replenished 90% of $6.3 billion in stolen cryptocurrency from October 29 security breach using corporate treasury and insurance funds. Exchange confirmed 10 major cryptocurrencies (BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, ZEC) are now fully backed at 100%. Binance said it will absorb all financial losses from the theft rather than passing costs to customers, with withdrawals set to resume November 1.

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