Binance SAFU fund: full reimbursement pledged for $6.3 billion

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Binance puts the damage from the attack of October 29, 2026 at around $6.3 billion and intends to carry all losses, from the SAFU fund and from company funds. The fund holds 15,000 bitcoin, which at the current price comes to barely a fifth of the damage.Add as a preferred source on GoogleFollow on Google NewsBinance is covering the losses from the attack of October 29, 2026 in full, by its own account. The exchange puts the affected sum at around $6.3 billion and states that it will cover all losses, from company funds and from an emergency fund. That fund is called SAFU and holds 15,000 bitcoin, according to Binance. For the first time, the exchange's reserve is being weighed against a sum it cannot cover on its own. If you hold coins on a crypto exchange, more hangs on this episode than a damage figure. It shows what a reimbursement actually rests on in an emergency: on the solvency and the pledge of the provider, not on a statutory guarantee. This piece sorts the numbers, na...