On November 1, 2026, Binance announced the recovery of 90% of the $6.3 billion in funds hacked by cybercriminals. This was made possible through the use of the SAFU reserve fund, insurance, and the exchange's own assets.
Details of Fund Recovery
The company's report indicated that customer funds in cryptocurrencies such as Bitcoin, Ethereum, USDT, BNB, and Solana are already 100% secured. However, the remaining 10% consists of less liquid assets, which the company continues to acquire through exchanges and over-the-counter transactions.
Use of Reserves to Cover Losses
To cover the losses, Binance is utilizing:
- part of the SAFU reserve fund;
- the insurance fund for futures;
- the company's own assets.
Restoration of Withdrawals
The next step for Binance is to restore fund withdrawals. The exchange plans to reopen withdrawals today, November 1, as previously scheduled. This will be an important step in restoring customer trust following the incident.