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An independent record of the October 2026 Binance hack
This line is our short summary of the quote below. The quote is the evidence.
We have already set aside more than $6.34B in company funds, with $5B held in the exact impacted token assets that were stolen, such as USDC, USDT, BTC, ETH, BNB, etc. This means that we have already covered approximately 80% of the impacted amount.
Temporarily suspended withdrawals while conducting additional security reviews, implementing remediation measures and validating the integrity of affected systems.
We are buying the remaining 20% of the lost token assets. We plan to run an initial Proof Of Reserves snapshot in 12 hours and have the result ready by Monday 2026-11-02.
We want to be clear about our commitment: Binance will absorb the financial impact of these stolen funds, not our users.
For verified updates, please follow Binance's official channels only, or contact us directly through the official Customer Support.
we will provide a detailed technical report outlining what happened, the lessons learned and the additional safeguards being implemented.