TLDR
Binance has reserved over $6.34 billion in company funds to cover losses from the security breach.
The exchange already holds $5 billion in the same cryptocurrencies affected by the attack.
Binance is purchasing the remaining token assets through market and OTC transactions.
Industry partners have frozen approximately $3 billion in assets linked to the breach.
The $3 billion in frozen assets is separate from Binance’s reserved company funds.
Binance has reserved more than $6.34 billion in company funds to cover losses from this week’s security breach. The crypto exchange says it has started recovering affected assets while continuing to trace funds with law enforcement and industry partners.
The company said $5 billion of its reserves already matches the cryptocurrencies involved in the incident. It is buying additional tokens to cover the remaining amount and plans to publish updated proof of its holdings.
Binance has begun recovering affected assets for users and continues to work with law enforcement, issuers, blockchain intelligence firms and industry partners to trace, freeze and recover additional funds.
The company has already publicly committed to cover losses through… pic.twitter.com/UqtBd37Fpj
— Binance (@binance) October 30, 2026
Binance Sets Aside Funds for Losses
The exchange said it would use company resources to cover confirmed shortfalls. Its latest commitment follows an earlier pledge to protect users after unauthorized withdrawals affected roughly $6.3 billion in assets.
The October 29 Binance hack involved transfers across several blockchains. Blockchain investigators have linked the attack to North Korean hackers, although Binance has not publicly confirmed who carried it out.
Exchange Buys Tokens to Fill Shortfalls
Binance is sourcing the outstanding amount through public trading markets and direct deals with counterparties. These purchases aim to replace affected tokens with the same assets rather than other cryptocurrencies or cash.
The company said some tokens have limited trading activity, making large purchases difficult. Direct trades arranged outside regular exchanges also require settlement time, so it has not provided a completion date.
Partners Freeze $3 Billion in Assets
Industry partners have frozen approximately $3 billion linked to the breach, according to Binance. However, freezing stolen cryptocurrency does not guarantee recovery , as the assets still require checks before they can be returned.
The exchange said the frozen sum is separate from the more than $6.34 billion reserved for customer losses. Those funds remain subject to ongoing recovery and verification.
Binance said it is coordinating with token issuers, blockchain tracking companies and authorities to secure additional assets. It has not specified how much of the frozen amount has already been returned.
Withdrawal Checks and Reserve Verification
Binance earlier paused withdrawals while examining its systems. It said deposits remained available and that its investigation had found no evidence of leaked wallet private keys. The exchange has not announced a firm date for restoring all withdrawals.
Separately, Polymarket resumed trading after a security breach involving an outside service provider this week. The incidents have not been linked, and both platforms have said they will cover affected users.
Binance plans to release a technical report after completing its investigation. It also says its next Proof of Reserves update will allow the public to check user assets against its reported holdings.
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