Binance co-CEO Richard Teng stated that Binance will absorb the full financial impact of the October 29, 2026 hack using corporate balance sheet funds and its $1 billion Secure Asset Fund for Users facility.

From the articleBinance arranges $6.34 billion to cover losses from biggest crypto hack everAlso in Binance says user funds are safe after thieves make off with billions in largest-ever crypto hack