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Binance CEO says 90 percent of stolen assets have been ‘replenished’

Blockchain1 min read

Binance, one of the world's largest crypto exchanges, says hackers stole $6.3 billion from its customers. The company says it has already replaced 90 percent of the stolen money and plans to cover the rest.

What happened

Hackers broke into Binance and took about $6.3 billion from customers in a record-breaking crypto theft. Binance's CEO, Richard Teng, says the company has now replaced 90 percent of the stolen funds. The company says it will also cover the other 10 percent. Binance is paying the money back itself. The remaining 10 percent is made of 'less liquid' tokens, which are harder to buy quickly, so it may take longer to get them.

Key numbers

  • Amount stolen: $6.3 billion
  • Share already replaced: 90 percent
  • Share still to cover: 10 percent, made of harder-to-buy tokens
  • Planned date to reopen withdrawals: Sunday, 2026-11-01

Why it matters

This is one of the biggest crypto thefts ever. Customers can only take their money out again once withdrawals reopen, so the company's promise to repay is important. Binance says it will share updates as it goes, but people will judge it by whether the money is really returned.

What to watch

  • Whether withdrawals reopen on Sunday, 2026-11-01, as planned
  • How Binance acquires the remaining 10 percent of less liquid tokens
  • Whether the company keeps its promise to share clear reports on progress

Glossary

Binance
A large online company where people buy, sell, and trade crypto.
Hackers
People who break into computer systems to steal data or money.

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