CROWDFUNDINSIDER · 2026-10-31 22:31 UTC

Binance Sets Aside $6.34bn to Cover Losses from Security Breach

Binance suffered a security breach resulting in approximately $6.3 billion in stolen digital assets. The exchange set aside $6.34 billion from its Secure Asset Fund for Users (SAFU) and corporate treasury to cover losses, with $5 billion held in affected token assets and the remainder purchased through market channels. Binance has frozen approximately $3 billion in stolen assets on-chain, contained the breach, and is targeting resumption of withdrawals within 34 hours after completing security reviews.

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