Binance published proof of reserves verifying full coverage for the $6.34 billion in lost customer funds

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Binance co-founder Yi He said on X, formerly Twitter, that the exchange's latest Proof of Reserves can now be verified through zero-knowledge proofs (ZKProof)

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The FBI attributed the $6.3 billion Binance cyberattack to North Korea's state-backed hacking group known as TraderTraitor

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A cyberattack on cryptocurrency exchange Binance compromised hot wallets and resulted in the theft of an estimated $6.3 billion in virtual assets

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Binance began progressively reopening customer withdrawals

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The Binance attackers began moving 970,522 stolen Solana tokens, valued at approximately $96 million, toward Bitcoin conversions

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Bitcoin staking platform b14g suffered an exploit that resulted in the unauthorized withdrawal of 97 million CORE tokens valued at $1.47 million

The Bank of Korea's survey asks financial firms to evaluate the impact if South Korea's largest cryptocurrency exchange by market share temporarily suspends operations following a major hack or security breach.

The Bank of Korea distributed its crypto risk survey to financial firms six days before Binance disclosed a $6.3 billion security breach on October 29, 2026.

Binance secured digital assets to cover approximately 95% of the stolen $6.3 billion using its corporate treasury, Futures Insurance Fund, and emergency reserve funds.

Crypto issuers and network governance mechanisms froze approximately $2.85 billion of the stolen Binance assets by November 2, 2026, representing about 44% of the total stolen funds.

Binance estimated a cyber intrusion at approximately $6.3 billion on October 30, 2026, triggering market volatility that increased redemption pressures on Jupiter Lend.

Centralized cryptocurrency exchange Gate froze two accounts and cooperated with law enforcement after the Binance attackers deposited approximately $250,000 in stolen funds onto the platform.

Binance pledged to cover customer losses using company resources and emergency reserves, having replenished about 95% of affected assets as of November 3, 2026.

Hackers stole $6.34 billion from cryptocurrency exchange Binance's hot wallets

Stolen Crédit Mutuel funds transferred into secondary bank mule accounts were forwarded to cryptocurrency exchanges Kraken, Crypto.com, and OKX to purchase stablecoins

Hackers in the 2026 Binance attack exploited the Ethereum Improvement Proposal EIP-7702 smart contract wallet standard to approve unauthorized transactions

The Arbitrum network froze 8,426 Ether and 74 million ARB tokens stolen in the 2026 Binance hack

The 2026 Binance hack originated from malware downloaded onto a Binance employee's computer during a fake job interview coding assessment

Decentralized trading platform Hyperliquid entered into a commercial partnership with Intercontinental Exchange

Following the exchange reopening on November 1, 2026, Binance processed $4.649 billion in withdrawals and $1.01 billion in deposits between 06:00 and 15:30 GMT, resulting in a net outflow of $3.64 billion.