Binance has said it will cover all losses using its SAFU fund and company funds, and that it has reserved more than $6.34 billion of company funds to do so. Around $5 billion of this is already held in the same tokens that were stolen, and Binance is buying the rest through the market and OTC trades. It plans to publish a full Proof of Reserves report by Monday.
Binance stated it will cover all losses using its SAFU fund and company funds, having reserved more than $6.34 billion of company funds.
This line is our short summary of the quote below. The quote is the evidence.
Figures from this claim
- Held matching tokens: $5,000,000,000.00 as of
- Set aside: $6,340,000,000.00 as of
Other claims from the same source
Elliptic said Tether froze the main attacker Ethereum wallet 37 minutes later, locking 1.18 billion USDT.
Tether froze that wallet 37 minutes later, locking 1.18 billion USDT in place
Elliptic said it had verified $2.85 billion of frozen or seized funds, 44% of the theft.
Elliptic has verified $2.85 billion of frozen or seized funds, 44% of the theft
Elliptic said $6.43 billion in cryptoassets was stolen from Binance on 29 October 2026.
On October 29, 2026, $6.43 billion in cryptoassets were stolen from Binance, the world's largest cryptoasset exchange, according to Elliptic's analysis.
Elliptic said its total excludes a further $169 million that left Binance after withdrawals were suspended, which it described as appearing to be Binance moving its own funds.
Elliptic's total excludes a further $169 million that left Binance after withdrawals were suspended.
Elliptic said funds stolen from Binance and from the Bitget exploit have been combined in several wallets, and that the link was first reported by ZachXBT.
The two sets of funds have now been combined in several wallets, and the amount has grown overnight. The link was first reported by ZachXBT.