Binance CEO says 90 percent of stolen assets have been ‘replenished’
Developing story first seen 1 hour ago
Binance says it has replaced 90 per cent of the assets stolen from customers and will cover the remaining 10 per cent. The update comes as withdrawals remain paused after a record-breaking crypto heist.
The company says the outstanding assets are less liquid tokens that may take longer to acquire. Binance says it remains on track to reopen withdrawals on Sunday, 1 November 2026, and will provide another update once details are confirmed.
- Sources
- 2
- Outlets
- 2
- Left · Centre · Right
- 0 · 0 · 1
In short
- Binance says 90 per cent of stolen assets have been replaced.
- The company plans to cover the remaining funds.
- Withdrawals are expected to resume on 1 November.
How this story developed
- 4 seconds ago Binance says it has replaced 90 per cent of the funds stolen from its customers in a record-breaking crypto heist and will cover the rest. The update matters because withdrawals remain paused, and users are waiting to regain access to their funds.
- 1 minute ago Binance says it has replaced 90 per cent of the assets stolen from customers and will cover the remaining 10 per cent. The update comes as withdrawals remain paused after a record-breaking crypto heist.
Explained simply
Binance is a company that runs one of the world’s largest cryptocurrency exchanges, where people buy, sell and store digital tokens. Crypto exchanges hold assets for customers, so a security breach can affect many users at once.
In a crypto heist, stolen tokens may be difficult to trace or recover, and their value can change quickly. Binance’s response matters to customers because they need access to their assets and clarity about how any losses will be covered.
Coverage · 2 sources
Business Companies Crypto Cybersecurity Technology