In an official statement, Binance confirmed that approximately $6.3 billion in assets were stolen in a security breach involving its hot wallets on October 29. The exchange pledged to absorb all financial loss, and assured users that their funds would not be affected. Binance said it has allocated more than $6.34 billion in company funds to cover the losses, with about $3 billion in stolen assets already frozen on-chain. Withdrawals remain temporarily suspended as security checks continue, with a gradual restoration targeted within about 34 hours. The exchange added that its investigation found no evidence of leaked wallet private keys and promised additional technical findings within 48 hours.

In an official statement, Binance confirmed that approximately $6.3 billion in assets were stolen in a security breach involving its hot wallets on October 29. The exchange pledged to absorb all financial loss, and assured users that their funds would not be affected. Binance said it has allocated more than $6.34 billion in company funds to cover the losses, with about $3 billion in stolen assets already frozen on-chain. Withdrawals remain temporarily suspended as security checks continue, with a gradual restoration targeted within about 34 hours. The exchange added that its investigation found no evidence of leaked wallet private keys and promised additional technical findings within 48 hours.