Binance stated that as of Saturday, October 31, 2026, its efforts to recover encrypted assets have reportedly covered 90% of the assets affected by this large-scale cyberattack this week. This update was released on the X platform, where the vulnerability involved approximately $6.3 billion in customer assets.

Binance expects to resume withdrawals on Sunday. The company stated on Saturday that the affected assets have been "covered," and earlier updates provided detailed information on the efforts to recover the stolen cryptocurrencies, as well as the arrangements to use company funds to compensate customers for their losses.

Binance's asset recovery includes the freezing of funds and compensation for customers.

Anchorage estimates that approximately $3 billion of the affected cryptocurrencies has been frozen on the blockchain network. Stablecoin issuers Circle and Tether took measures to freeze funds after the attack, and investigators are also tracking the whereabouts of the stolen assets.

The exchange initially promised to cover the losses through its user safety asset fund ( SAFU ) as well as company resources. Subsequently, Binance stated that it had set aside over $6.3 billion from its own funds. SAFU is an emergency reserve fund of approximately $1 billion, intended to protect customers in the event of security vulnerabilities.

An initial investigation by Binance indicates that attackers gained access to its withdrawal system and initiated unauthorized transfers from the exchange wallets. The exchange stated that no evidence of wallet private key leakage was found.

While Binance is advancing efforts to recover encrypted assets, TRM Labs and Chainalysis attribute this attack to TraderTraitor – a hacker group supported by the North Korean government.

This article was generated with the assistance of artificial intelligence and has been reviewed by an editorial team.

Amelia Tomasicchio

As a digital marketing expert, Amelia entered the fintech industry in 2014 after completing a thesis on Bitcoin technology. She has contributed to several international cryptocurrency-related magazines and served as the Chief Marketing Officer for Eidoo. Today, she is a co-founder of The Cryptonomist. She also works as a marketing lecturer at Digital Coach in Milan and has published a book about NFT with an Italian publishing house Mondadori. Additionally, she is helping artists and businesses enter this field. As a consultant, Amelia has participated in projects related to the metaverse, such as The Nemesis and OVER.