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Binance says 90% of $6.3 billion hack losses are now covered, plans to resume withdrawals Sunday
- On Sunday, November 1, 2026, Binance resumed withdrawal services for selected assets after replenishing approximately 95% of the $6.3 billion stolen in the October 29 hack, prioritizing 15 major networks including Bitcoin and Ethereum.
- The October 29, 2026 security breach involved a 'complex attack' beyond a compromised laptop, which the Federal Bureau of Investigation formally attributed to the North Korean state-sponsored hacking unit TraderTraitor.
- Binance utilized its $1 billion Secure Asset Fund for Users, corporate treasury, and Futures Insurance Fund to replace stolen assets. Co-CEO Richard Teng confirmed "users will not bear the financial impact of this incident."
- Industry executives called for coordinated real-time alert systems to prevent future breaches. Commodity Futures Trading Commission Chairman Michael Selig emphasized the need for enhanced cybersecurity safeguards as crypto integrates deeper into mainstream finance.
- Binance continues sourcing the remaining 5% of stolen tokens, which are less liquid and require more time to acquire. Investigators remain engaged in tracing funds and performing security audits to prevent further incidents.
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442 Articles
The platform claims to have covered 95% of the losses resulting from the hacking of $6.3 billion
·Madrid, Spain
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Sydney Morning Herald+3 Reposted by 3 other sources
The staggering irony of the Binance hack
The company’s boss, Changpeng Zhao, served time in jail over anti-money laundering failures. To get his users’ money back, he must hope the rest of the industry has learned a lesson.
·North Sydney, Australia
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Binance: 90% Of 6.3B Hack Losses Now Covered - Regional Media News
(Undated) - Binance said it has recovered up to 90-percent of the roughly six-point-three billion in token assets stolen from its hot wallets. Binance said today it will continue to buy the remaining relevant token assets through market and over-the-counter channels until the recovered amount [...]
Ada Derana+2 Reposted by 2 other sources
Binance users withdraw $3.6bn after record crypto hack
Binance users withdraw $3.6bn after record crypto hack
·Sri Lanka
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Coverage Details
Total News Sources442
Leaning Left45Leaning Right50Center66Last UpdatedBias Distribution41% Center
Bias Distribution
- 41% of the sources are Center
41% Center
L 28%
C 41%
R 31%
Factuality
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