TFTC(@TFTC21):Binance says hot wallets were compromised and about $6.3B in token assets were stolen. The breach hit around 20:05 UTC on October 29. Co-CEOs Yi and Richard say Binance will absorb the loss, not users, through SAFU and the corporate treasury. The exchange has set aside more than $6.34B in company funds, with $5B held in the exact stolen assets, including USDC, USDT, BTC, ETH and BNB. That covers roughly 80% of the impacted amount. Binance says it will cover the rest through market and OTC purchases.

2026.10.31 15:14

Binance says hot wallets were compromised and about $6.3B in token assets were stolen. The breach hit around 20:05 UTC on October 29. Co-CEOs Yi and Richard say Binance will absorb the loss, not users, through SAFU and the corporate treasury. The exchange has set aside more than $6.34B in company funds, with $5B held in the exact stolen assets, including USDC, USDT, BTC, ETH and BNB. That covers roughly 80% of the impacted amount. Binance says it will cover the rest through market and OTC purchases.