GoKawiilBinance replenishes 90% of $6.3B stolen crypto, sets Sunday withdrawal restart
Binance said it has covered roughly 90% of the approximately $6.3 billion in tokens stolen from its hot wallets in a theft disclosed Thursday, with major tokens like BTC, ETH, USDT, BNB and SOL now fully backed. The exchange said it is using its SAFU insurance fund, a portion of its futures insurance fund, and corporate treasury to replace the missing assets, and plans to resume withdrawals Sunday pending security checks.
GoKawiil's interpretation of the reporting above, not reported fact.
The speed and scale of Binance's response suggests the exchange is prioritizing user confidence and liquidity restoration over a prolonged investigation, which could help limit reputational damage after one of the largest crypto hacks on record. The remaining 10%, tied to less liquid tokens, may take longer to source, meaning full recovery timelines remain uncertain even as core services resume.
- Binance says 90% of the $6.3B stolen in tokens has been covered, with top assets fully backed.
- The exchange is funding recovery through its SAFU insurance reserve, futures insurance fund, and corporate treasury.
- Withdrawals are set to resume Sunday pending security checks, while the hack investigation continues.
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Published there as: “Binance says 90% of $6.3 billion hack losses are now covered, plans to resume withdrawals Sunday”
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