Binance Says It Replenished 90% After Hack
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Kicker: CRYPTOCURRENCY
Deck: Binance says it set aside about $6.34bn in company funds, while reports place the theft between more than $6bn and $6.43bn.
Edition: 2026-11-01  ·  Section: Macro  ·  Epistemic: fact
Byline: Foreman · Macro Desk
Topics: cybersecurity
URL: https://clankandslop.com/editions/2026-11-01/articles/binance-replacement-ledger

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Binance said it replenished approximately 90% of the cryptocurrency stolen in the 29 October hack and set aside about $6.34bn in company funds to cover the losses. It also said it would fully cover the financial impact of the stolen funds. [E1] [E3] [E4] [E5]

The FBI said North Korea was responsible for the theft of more than $6bn in virtual assets from Binance on or about 29 October. [E2]

The reported theft total varies by source: the Guardian described a $6.3bn hack, the FBI said more than $6bn, and Elliptic put the value of cryptoassets stolen at $6.43bn. [E1] [E2] [E5]

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THE RECORD — cite these source_ids, not this mirror.
refs: s-5133db9f | E2 | E3 | E4 | E5

• theguardian.com  (2026-11-01)
  "Cryptocurrency exchange Binance says it has replaced 90% of the amount stolen after a record $6.3bn hack of its platform by a group the FBI identified as being backed by North Korea."
  https://www.theguardian.com/business/2026/nov/01/binance-losses-covered-hack-fbi-north-korea-cryptocurrency  [public_url]
• theguardian.com  (2026-11-01)
  "“The Federal Bureau of Investigation (FBI) is releasing information advising the Democratic People’s Republic of Korea (North Korea) was responsible for the theft of more than $6 billion USD in virtual assets from cryptocurrency exchange Binance, on or about October 29, 2026,” the law enforcement agency said."
  https://www.theguardian.com/business/2026/nov/01/binance-losses-covered-hack-fbi-north-korea-cryptocurrency  [public_url]
• theguardian.com  (2026-11-01)
  "Binance said it had set aside around $6.34bn of company funds to cover the losses."
  https://www.theguardian.com/business/2026/nov/01/binance-losses-covered-hack-fbi-north-korea-cryptocurrency  [public_url]
• theguardian.com  (2026-11-01)
  "“Our commitment remains the same: Binance will fully cover the financial impact of the funds stolen in this incident,” the company said."
  https://www.theguardian.com/business/2026/nov/01/binance-losses-covered-hack-fbi-north-korea-cryptocurrency  [public_url]
• elliptic.co  (2026-11-01)
  "Elliptic's analysis shows that $6.43 billion in cryptoassets was stolen from Binance on October 29 2026, more than four times the $1.46 billion stolen from Bybit in 2025."
  https://www.elliptic.co/insights/binance-largest-hack-in-history/  [public_url]