# Binance pledges to cover full $6.3bn crypto theft after replacing 90%

- URL: https://talkfuse.com/story/crypto-firm-binance-covers-90-of-losses-after-6-3bn-hack/
- Published: 2026-10-31T16:32:08+00:00
- Updated: 2026-10-31T16:47:17+00:00
- Original publisher: BBC World (publisher lean: Centre)
- Original article: https://www.bbc.co.uk/news/articles/ckpdg3ql4169o?at_medium=RSS&at_campaign=rss
- Topics: Asia, Business, Crypto, Cybersecurity, Technology, World

## Key points

- Binance says it has covered 90% of the $6.3bn theft.
- The company has pledged to absorb all losses.
- Withdrawals may resume on 1 November as investigations continue.

## Summary

Binance says it has replaced 90% of the $6.3bn in cryptocurrency stolen in a hack, and will cover the full loss so users do not bear the cost. The scale of the theft, which Binance believes is the largest crypto hack on record, has also raised concerns about the security of major exchanges.

The company says it has set aside more than $6.34bn and replenished assets from various funds and its corporate treasury; the remaining 10% may take longer to source. Bitcoin, ethereum, Tether and seven other widely traded cryptocurrencies are covered. Binance is aiming to resume withdrawals on 1 November, while the investigation continues; it has frozen around $3bn, and analysts suspect North Korea-linked hackers.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.