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

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Binance began progressively reopening customer withdrawals

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.

The conversion of stolen Solana tokens into Bitcoin marked an expansion of laundering routes after temporary holding wallets on the Tron network were largely emptied.

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

The Binance attackers converted over 130 stolen altcoins across Ethereum-compatible networks into approximately 123,400 Ether worth $277.26 million and 1.69 million USDC.

On-chain analysts estimated that despite issuer freezes, the Binance attackers retained control of roughly $3.24 billion to $3.5 billion in stolen cryptocurrency.

In the first four days following the Binance hack, attackers utilized roughly 12,000 temporary wallets across 11 blockchains and conducted over 40,000 transactions to obscure funds.

The Federal Bureau of Investigation, Secret Service, and IRS Criminal Investigation requested cryptocurrency services and operators to block transactions linked to identified Binance attacker wallet addresses.

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.

Asset issuers including Tether and Circle froze approximately $3 billion in stolen cryptocurrency assets shortly after the October 29, 2026 Binance breach.

The Binance attackers moved 486,970 Solana tokens worth roughly $46.4 million within one hour using Relay Protocol to execute cross-chain swaps into Bitcoin.

Blockchain network THORChain halted trading on 10 of its 13 chains over the weekend of October 31 to November 1, 2026, after being used by the Binance attacker to route funds.

North Korean-backed threat group TraderTraitor deployed AI-enabled automated operations to repeatedly rotate stolen cryptocurrency across multiple new addresses and swap venues.

Total global cryptocurrency losses from security hacks reached an annual record of $8.73 billion in 2026.

Blockchain security firm PeckShield estimated total losses from the Premia Labs options vault exploit on Arbitrum at approximately $464,600, equivalent to 131 ETH.

Premia Labs, the developer behind the Kyan derivatives exchange, suffered an exploit on its options vaults on Arbitrum on November 1, 2026.

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.