Binance says it has covered 90% of losses from $6.3bn hack

Nikkei Asia · Staff Writer · 2026-11-01 00:10 UTC

FBI blames North Korean-backed TraderTraitor for the theft

(Reuters) -- Crypto exchange Binance said on Saturday it has been able to replace 90% of the amount stolen after a record $6.3 billion hack of its platform by using company money to buy new tokens.

The remaining 10% consists of tokens that are less liquid, meaning they may take longer to buy, it said in a statement posted on X.

"We've now replenished 90% of the stolen assets, and we're committed to covering the remaining 10%. Our users will not bear the financial impact of this incident," co-CEO Richard Teng said on X on Saturday.

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