Binance says $6.34 billion hack recovery came entirely from its own balance sheet

The exchange says it covered user losses without borrowing, selling assets, or raising outside money, with ten assets already fully backed Binance says it has covered the user losses from a major security breach without borrowing a cent, selling assets, or raising money from outside investors. The money came from the exchange’s own balance sheet. On October 31, 2026, Binance disclosed that it had allocated US$6.34 billion from its corporate treasury to replenish user funds after the breach. The exchange told users they would not suffer losses. According to the disclosure, the replenishment drew on three internal sources. The first was the Secure Asset Fund for Users, better known as SAFU. SAFU works like an emergency savings account that Binance set aside specifically for situations like this one. The second source was a portion of the futures insurance fund. The third source was the company’s own reserves. Taken together, Binance says, none of the money required outside financing. Where the recovery stands As of November 1, 2026, the exchange reported that approximately 90% of the financial impact from the hack had been replenished. That figure was up from earlier estimates of aro...