Cryptocurrency exchange Binance has kept more than $6.34 billion of its own money to compensate for user losses after a large-scale hack to that amount. The hacker attack took place on the night between October 29 and 30, as Strana wrote. The company stated on the X social network that it has already begun to restore the damaged properties and continues to work to recover the stolen funds. Binance has assured that $5 billion of the reserved amount has already been placed in those cryptocurrencies affected by the hack. The exchange purchases the remaining funds in the open market and through over-the-counter (OTC) transactions. The company warned that this process may take some time due to the low liquidity of some tokens. The exchange also announced that it had frozen $3 billion in assets through cooperation with industry partners. This amount is not included in the created reserve. The exchange, along with law enforcement agencies, cryptocurrency issuers and analytics companies, continues to track and recover stolen funds. Major stablecoin issuers -. Tie and Circle urgently froze some of the stolen funds amounting to about $1.6 billion and $800 million, respectively, but billions of dollars still remain in the hackers' control. Binance says it intends to cover the confirmed shortage of assets using its own resources. In the future, the company plans to publicly confirm the availability of customer funds through a proof-of-reserve system. Blockchain analysis experts from Chain and TRM Labs have two versions about the organizers of the Binance hack: Either it was organized by the North Korean hacker group Lazarus Group;.

Cryptocurrency exchange Binance has kept more than $6.34 billion of its own money to compensate for user losses after a large-scale hack to that amount. The hacker attack took place on the night between October 29 and 30, as Strana wrote. The company stated on the X social network that it has already begun to restore the damaged properties and continues to work to recover the stolen funds. Binance has assured that $5 billion of the reserved amount has already been placed in those cryptocurrencies affected by the hack. The exchange purchases the remaining funds in the open market and through over-the-counter (OTC) transactions. The company warned that this process may take some time due to the low liquidity of some tokens. The exchange also announced that it had frozen $3 billion in assets through cooperation with industry partners. This amount is not included in the created reserve. The exchange, along with law enforcement agencies, cryptocurrency issuers and analytics companies, continues to track and recover stolen funds. Major stablecoin issuers -. Tie and Circle urgently froze some of the stolen funds amounting to about $1.6 billion and $800 million, respectively, but billions of dollars still remain in the hackers' control. Binance says it intends to cover the confirmed shortage of assets using its own resources. In the future, the company plans to publicly confirm the availability of customer funds through a proof-of-reserve system. Blockchain analysis experts from Chain and TRM Labs have two versions about the organizers of the Binance hack: Either it was organized by the North Korean hacker group Lazarus Group;.

or the Traderbog association associated with it. These groups have previously attacked other major platforms, such as the crypto exchange Babybit, which was robbed of $1.5 billion in February 2025. We remind you that after the hack, Binance temporarily suspended operations for depositing and withdrawing funds.